Ford CEO Pushes Shift to Affordable EVs to Secure Future

Jim Farley emphasizes the need for smaller, profitable electric vehicles as Ford aims for a $30,000 model by 2027.

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.