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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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Honda admits it needs affordable EVs with plans for an electric Civic successor

Baua Electric

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda is set to expand its lineup with an electric replacement for its all-time best-selling Civic. The new electric sedan is expected to roll out in 2026, followed by an SUV shortly after.

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Hyundai teases its new INSTER EV for the first time, the latest affordable electric car

Baua Electric

The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US? Perhaps, most importantly, they are some of the most affordable and fuel-efficient available. Hyundai claims the new electric car will “set new standards” in driving range, tech, and safety.

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Ford poaches ex-Tesla, Rivian, and Apple talent to develop affordable EVs

Baua Electric

As the race heats up to introduce more affordable electric cars, Ford is bringing on some of the best EV engineers to help it compete. Over the past few months, Ford has hired talent from Tesla, Rivian, Apple, and Lucid to help accelerate the development of affordable EVs. Volkswagen finished design work on its ID.2all,

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. Globally, vehicle owners and those considering purchasing BEV agree the top benefits of going electric are improving the environment, adding convenience and reducing ownership costs.

Global 429
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Volkswagen aims to debut new affordable electric vehicles in 2027 with prices around $22,000

Baua Electric

Volkswagen is aiming for its new low-cost electric vehicles to debut in 2027. The new affordable VW EVs are expected to be priced around $21,800 (20,000 euros). VW still aims for affordable EVs to debut in 2027 After walking away from its partnership to develop an entry-level EV (20,000 euro) with Renault, Volkswagen is going solo.

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Volkswagen CEO discusses electric Golf, Tiguan, and affordable ID 2all EV models

Electrek

As it transitions to fully electric, zero-emission vehicles, Volkswagen looks to maintain its position in the auto industry. Part of this plan includes transforming iconic brand names like the Golf and Tiguan to electric while adding new EVs to the lineup, such as VW’s new affordable ID 2all concept.