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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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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. The report also stated that Ford will use lithium-iron-phosphate battery cells to save money, an approach that it already uses for base Mustang Mach-Es and which Tesla takes with the cheapest Model 3.

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Novel Sodium-Ion Battery-Powered EVs To Hit Chinese Streets in January

The Truth About Cars

Today, most EVs use lithium-ion batteries, just like the phone in your pocket. While the battery chemistry is well-known and thoroughly tested at this point in time, the setup has weaknesses that could be addressed by alternative designs.

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BYD produces 200K units of its most affordable EV 

Teslarati

The BYD Seagull made headlines as one of the most affordable electric vehicles on the market. Elon Musk says Tesla will build €25k EV at Giga Berlin Forbes speculated that the Seagull, labeled Blade, might be equipped with BYD’s lithium-ion phosphate batteries. The Teslarati team would appreciate hearing from you.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. Much of the growth is thanks to rising demand for Hyundai’s electric models. trillion) in profits last year.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Baua Electric

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.

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

Green Car Congress

However, the study reveals there has been an increase in interest in the US and Chinese markets. 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. Source: Ipsos.

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