Ford CEO says a profitable $30,000 EV is coming in two and a half years

Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival.

Farley said it's crucial for Ford to make profitable EVs in the next five years, as Chinese automakers continue to expand globally.expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival.

A Ford spokesman later clarified Farley was referring to large vehicles such as the company's Super Duty models or vehicles that require massive battery packs to achieve significant EV ranges of 500 miles. He was not referring to ones such as Ford's current all-electricof a large three-row SUV at a plant in Canada to 2027 from its initial plan of 2025. It also postponed a next-generation pickup, codenamed"T3," from late 2025 to 2026.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"We have to start to get back in love with smaller vehicles. It's super important for our society and for EV adoption," Farley said Friday."We are just in love with these monster vehicles, and I love them too, but it's a major issue with weight."during the first quarter of this year on 10,000 vehicles wholesaled.

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