Image: Drive
Image: Drive
AutoExec Summary
Ford is developing a range of budget-priced electric vehicles to compete with Tesla and Chinese carmakers like BYD. The first models, including an SUV and ute, are expected in US showrooms in late 2026 with a target price of $25,000. The new vehicles will use lithium iron phosphate batteries to keep costs down. Ford’s CEO aims for the small electric vehicles to be profitable within a year of launch. The company is focusing on smaller electric platforms to stay competitive globally. The new vehicles are being developed by a small team under Alan Clarke, a former Tesla engineer.
Brands mentioned: Ford, Tesla, BYD, MG, Chevrolet
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