Ford CEO promises more affordable EVs

Ford CEO promises more affordable EVs

November 1, 2020 0 By autotimesnews

In a recent interview, the Blue Oval CEO said Ford will introduce affordable electric vehicles with a starting price tag of $ 20,000 in the near future.

In the early 1900s, Ford made history with the Model T. It was the first affordable car to make personal ground travel available to the middle class – a revolutionary step for the entire automotive industry.

Fast-forward to more than a century, and it looks like Ford is listening to its roots, led by new CEO Jim Farley. In an interview published by the overseas publication Wards Auto, Farley said the automaker is not looking to sell electric vehicles at prices above $ 100,000.

In fact, Farley said Ford EVs will cost between $ 20,000 and $ 70,000, which is relatively affordable compared to luxury EVs from Porsche, Tesla, Mercedes-Benz.

The Ford Mustang Mach-E is in this price range. The all-electric crossover, whose price dropped in late September 2020, costs a minimum of $ 42,895.

Even the Mach-E in the more powerful GT version, which hasn’t dropped in price, is still in that price range. According to rumors, this version of the electric crossover will cost at least $ 60,000.

The Blue Oval electrification plan also includes electric versions of commercial models, according to insiders. For example, the electric version of the Ford Transit will be presented on November 12, 2020.

Not so long ago, AutoTimesNews wrote that Ford is preparing a new 6.8-liter engine for the Mustang. In a recent interview, an American brand spokesman mentioned a new 6.8-liter engine that will be installed under the hoods of the full-size F-150 pickup truck as well as the Mustang sports coupe.