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Low Cost Ford EV Arrives In Late 2026 With $25K MSRP: Report

As Ford Authority reported back in early February, The Blue Oval is shifting its focus away from pricier, more luxurious EVs and instead focusing on developing smaller, cheaper all-electric models. In fact, the automaker has secretly been working on a low-cost Ford EV for a couple of years now via a skunkworks project spearheaded by a former Tesla executive, which may use the Ford Escape as something of a template. Details regarding this new, cheap Ford EV have thus far proven to be scant – including what sort of price point the automaker may be targeting. Now, a new report from Bloomberg is potentially shedding some light on that situation, however.

Ford Netherlands Centennial Celebration Model T and Ford Explorer EV - Exterior 001 - Front Three Quarters

According to an unnamed source, less than 100 people are currently working on this low-cost Ford EV project, which will utilize a brand new dedicated platform. However, that platform won’t just underpin one affordable EV – but rather, a compact SUV, a small pickup, and possibly even another model that could be used for ride-sharing purposes. The first of these new Ford EV models is slated to launch in late 2026 with a price tag of around $25,000.

At first, these cheap EVs will reportedly utilize a lithium-iron phosphate battery due to the fact that this chemistry is around 30 percent cheaper than a lithium-ion unit, but Ford is reportedly looking at other types of battery tech in an effort to further reduce costs.

Ford Explorer EV Lexie Alford Lexie Limitless Global Journey Africa - Exterior 001 - Rear Three Quarters

Ford CEO Jim Farley has made it quite clear as of late that the automaker is focused on making cheaper all-electric vehicles, and this shift in strategy is happening for a couple of very good reasons. For starters, pricing disparities between EVs and ICE vehicles remain one of the biggest barriers standing in the way of widespread adoption, and cheap Chinese EVs remain a real potential threat to the automaker’s business, too, as one – the BYD Seagull – was recently highlighted by Farley as a bigger problem for the company than government mandates, in fact.

We’ll have more on these future Ford EV models soon, so be sure and subscribe to Ford Authority for continuous Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Ford Owner

    Bring back the electfic Focus and make an electric Fiesta.

    Reply
  2. Ronald

    Last year the auto industry sold about 1.2 million sub compacts total in the U.S. Dose that look like what the consumer wants ????

    Reply
    1. Tigger

      No, but don’t tell Farley and Barra that.

      Reply
  3. Ronald Keith

    If it doesn’t have at least a 300 mile range standard then it’s a fail.

    Reply
    1. marco G

      Understand that comment if you have only one car, but that’s usually not the case with EV. Most use the EV around town (and charge at home) and then still have an ICE or PHEV for the occasional road trip. I am one of those. In that instance…again, depending on price..240-250 plenty. It’s about price.

      Reply
  4. Firemage

    step 1 take EV Puma
    step 2 rebadge it something like “Electrosport”
    step 3 profit

    Reply

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