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Ford compares new low-cost EV platform to Rivian and Tesla, says rivals will turn to China

Baua Electric

Its “Skunkworks ” team is not so small, and now that the cat is out of the bag, we are learning more about Ford’s new affordable platform. Ford CEO Jim Farley compared its new low-cost EV platform to Rivian and Tesla. Ford has already said the platform will support several different types of vehicles.

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Ford’s incentives cut in half for Michigan EV battery plant, matching plans to scale back

Baua Electric

Ford will receive drastically less public support for its new EV battery plant in Michigan. Scaling back The Michigan Strategic Fund approved the reduction on Tuesday. million in incentives from Michigan, less than half the initial $1.03 million in incentives from Michigan, less than half the initial $1.03 and $3 billion.

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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. In 2027, Ford will launch a new electric truck, the first on its upcoming low-cost platform.

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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. Ford’s Model e electric vehicle unit lost $4.7 billion last year.

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LG Energy Solution discusses battery production with Chinese suppliers for the EU

Teslarati

LG Energy Solution is engaged in talks with three China-based material suppliers to produce low-cost electric vehicle (EV) batteries for the European market. Currently, many automakers are experiencing a slowing demand for electric vehicles due to high prices.

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Xcel Energy wants 1.5M EVs in its service areas by 2030; 30x increase from today

Green Car Congress

million electric vehicles in its service areas by 2030. If realized, EVs would make up 20% of all vehicles on the road in those areas—more than 30 times the number today. Xcel services customers in Colorado, Michigan, Minnesota, New Mexico, North and South Dakota, Texas and Wisconsin. Powering 1.5

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Ford exec says most drivers don’t realize the major perks of EVs like charging at home

Baua Electric

Ford says driving an EV offers additional perks At the Automotive News Congress , Marin Gjaja, COO of Ford’s Model e EV business, said one of the company’s main priorities is tackling false beliefs about electric vehicles. That’s the conundrum for us as an industry,” Gjaja said in Michigan on Tuesday. billion in 2024.

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