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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Ford hasn’t had the best luck with profitability on its electric vehicle business, but the automaker is not shying away from aiming at the cheaper end of the EV spectrum. At the same time, it’s unclear how Ford plans to reach profitability with cheaper vehicles, as it’s slowed investments in new factories and other related areas.

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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. The team is led by Alan Clarke, who led the engineering on Tesla’s best-selling Model Y.

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Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. Tesla is also planning to launch next-gen EVs.

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More affordable EVs coming? KG Mobility, formerly SsangYong, teams up with EV pioneer BYD to fast-track development of its electric vehicles

EV Central

BYD is now the world’s largest EV maker, after overtaking Tesla, and currently sells the Atto 3, Dolphin and Seal. ” The post More affordable EVs coming? KG Mobility, formerly SsangYong, teams up with EV pioneer BYD to fast-track development of its electric vehicles appeared first on EV Central.

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Tesla Model Y remains China’s top-selling premium SUV after February 2023 sales

Teslarati

The Tesla Model Y was the best-selling premium SUV in China last month. Tesla remains one of China’s top-selling EV brands. The Tesla Model 3 also nabbed a top spot in February 2023 NEV sales. Tesla sold approximately 25,526 Model Y vehicles in February. The BYD Song+ DM-i is a Plug-in Hybrid SUV.

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Ford’s first affordable EV will be a new electric pickup, but there’s more

Baua Electric

Ford’s first affordable EV based on its new platform will be an electric pickup followed by its next-gen “Project T3.” Instead of the planned all-electric three-row SUV, Ford plans to launch a new family of hybrids. After delaying its planned three-row electric SUV in April, the project is now being canceled.

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Hyundai teases electric 3-row IONIQ SUV for 2025

Teslarati

Hyundai announced the debut of an all-electric 3-row IONIQ SUV later this year. The new Hyundai IONIQ electric vehicle (EV) will likely launch in 2025. At the top of the list was the South Korean automaker’s electrified 2025 3-row IONIQ SUV. Hyundai recently released a few changes to its 2025 Model Year lineup.

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