Ford says it’s investing $5 billion in EV production, with a new model to start at $30,000

Ford is investing $5 billion to revolutionize its electric vehicle production, enabling models to start at $30,000, significantly lower than the current average. The new “universal EV platform,” described as a major innovation in vehicle design, will lead to faster assembly and reduced components, with the first product, a midsize electric truck, set to debut in 2027.

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