The Blue Oval brand wants to make itself much more competitive to the likes of Tesla by building a more affordable electric platform
More budget-friendly electric vehicles could be coming out of Ford HQ very soon, as the company begins to restructure its strategy and lineup.
According to Automotive News, Ford’s chief executive officer Jim Farley has confirmed that the company is now developing small, more affordable EVs.
Autocar has reported that a team of engineers has been working secretly on a new platform at Ford for the last two years.
Described by Farley as a ‘skunkworks’ startup team separate entirely from Ford and its current EV platform partner Volkswagen, the affordable EV project has been able to design a flexible platform for lower cost electric vehicles.
Ford Australia has this week announced that it will axe its ICE-powered Puma small SUV, replacing it with an electric one later in 2024 or early in 2025.
Currently, Ford’s local arm sells the Mustang Mach-E midsize SUV priced from $72,990 before on-road costs. It tops out at a significant $104,990 before on-road costs in flagship GT spec.
And that’s after the brand cut $7000 from the Mach-E’s initial starting price before first deliveries had begun.
The Mustang-branded Mach-E is still an expensive option when compared to the Tesla Model Y which starts from $65,400 before on-road costs.
Ford Australia’s range is set to expand further, however, with the Mach-E soon to be joined in Australia by the E-Transit and E-Transit Custom vans, as well as a still-secret and unconfirmed new model.
Toyota says it will charge Australians more under new emissions scheme in break from American position
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Car news, 26 Feb ’24: Hyundai Europe cuts petrol N models, Ford “almost pulled out of Australia” and more