I think that it is important
I think that it is important that Chevy already hinted at their offering a new hybrid Camaro with 545HP and 24MPG. It's not a full-on BEV commitment, but it is an exciting alternative to just gasoline engines in Ponycars. I doubt that it will get any reaction from the Hellcat Challenger crowd, but it should make Ford nervous. Historically Chevy has been leading with BEV vehicles like the Bolt, whereas Ford doesn't have any long range BEV offerings yet. But since they are cutting their car lineup, they had better expand their BEV offerings across the rest of the lineup to stay competitive. The Mustang is a great place to start. The coolest idea would be for Ford to build a electric Ford GT to compete against the upcoming Tesla Roadster!