Overview

• Ford plans to launch a $30,000 electric vehicle within the next three years.
• CEO Jim Farley highlights the unsustainable costs of large EVs due to expensive batteries.
• The company is delaying larger EV models to focus on smaller, more profitable ones.
• Ford faces significant competition from global automakers like BYD and Tesla.
• Farley stresses the importance of adapting to remain competitive in the global market.