More than that, Ford says it's making a big push into electric vehicles in general, including plug-in hybrids for the forthcoming Bronco, Escape, Explorer, F-150 and the Mustang. For the venerable F-150, the hybrid powertrain will enable more towing power and low-end torque. That'll start in 2020 and within two years of that target, there will be six battery-powered electric vehicles on showrooms.

The reason? It'll help insulate customers from rising gas prices, in part, on models where fuel efficiency typically falls short. Which is important -- by 2020 Ford predicts SUV sales will account for 50 percent of global vehicle sales. Speaking of, in two years, the automaker will have eight SUVs for sale total, with five of them being hybrids and one will be full-electric.

Ford has an even loftier goal for this push into electrification: By 2021, it expects that its hybrid sales will surpass that of Toyota's. Last year, the Prius-maker announced it'd sold 1.52 million units across three models, the standard Prius, the Prius C and the Yaris Hybrid. With the sheer amount of hybrid vehicles Ford has planned for the next few years and the brand's sales figures, that probably isn't a hard goal to meet. Previously, Ford said it'd hoped at least 10 percent of its sales would be EVs by 2020. Currently, it's in second place for hybrid sales.

But it may have some competition. Toyota, of course, is planning more than "more than 10" EVs by 2020, while GM expects to have double that three years later.