Ford Mustang Mach-E price cuts are proving affordable EVs are in demand
Baua Electric
APRIL 1, 2024
CEO Jim Farley said the automaker is developing a low-cost EV platform to keep up with Tesla and low-cost Chinese automakers. Shifting to more affordable EVs Meanwhile, Ford is shifting plans from large to smaller, more affordable EVs. Farley said the company assembled a “skunk works” team with some of the best EV engineers.
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