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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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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. Ford is also expected to build an EV for ridesharing services, and Bloomberg reported that Ford has fewer than 100 people working on the project. All automakers in the U.S.

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Ford CEO doubles down on affordable EVs after BYD, China’s EV bet is paying off

Baua Electric

Ford CEO Jim Farley wants the company to deliver affordable EVs like Henry Ford did with the Model T. After China’s bet on EVs “paid off” so far, Ford wants to compete with the best, including BYD. And right now, Ford believes those EVs are coming from China. That’s what Ford is doing in Marshall.

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Ford slashes EV prices in Australia by up to AUD$15k

Teslarati

Ford recently slashed its electric vehicle (EV) prices in Australia by up to AUD$15,000 for some units. Ford EV price cuts follow a trend in Australia right now , where automakers are reducing EV prices left and right. As of this writing, the Ford Mustang Mach-E starts at $64,990 for the Select variant.

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. In February, sales of the electric SUV surged 64% year over year. billion last year.

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

Ford has released the first images of the new Territory, a mid-size SUV targeted at new buyers in emerging cities in China. Ford developed the Territory together with its joint venture partner, Jiangling Motors Corporation (JMC). —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.