EA revealed an all new Need For Speed game May 21 and it will apparently be an "full reboot", according to Kotaku. It sounds like we will have to wait for E3 for a fuller understanding of the game.
"As with most games announced recently, the big reveal is being saved for E3. But we do knowNeed For Speed
is coming from Ghost Games this fall for PC, Xbox One, and PlayStation 4. EA says it’s going to feature 'deep customization, authentic urban car culture, a nocturnal open world, and an immersive narrative that pulls you through the game.'"