Much ado has been made about Ford and its next-generation all-electric vehicles, which have been in development for some time now. Aside from new models riding on an under-development low-cost platform, The Blue Oval is also working on next-generation versions of its existing EVs – the Ford F-150 Lightning (due to arrive in 2027 currently), as well as the Ford Mustang Mach-E and E-Transit. However, it seems as if those vastly updated products may very well cost less to purchase than their existing counterparts, in spite of anticipated improvements.
“We were very ambitious with our advanced electric architectures applying to ICE vehicles, not just advanced electric architectures for EVs,” Ford CEO Jim Farley said during the automaker’s Q1 2025 earnings call with investors. “We brought that all together in FNV3. It’s a great move for the company. Our zonal electric architecture is now going to be delivered on our CE1 of Skunk Works product. I think this is a major learning for the company, that we could do it at a lower price point than FNV4 as well.”
“This save also has a big impact on the cost of our future products, so all of our products will be more affordable now. In fact, we’re targeting our next generation products to be cheaper than our current outgoing products. And a big factor of that is FNV3 versus FNV4. This will actually enhance our integrated services software revenue and profitability, this move.”
As Farley notes here, much of the expected savings in store for Ford’s next-generation EVs will likely come from its new architectures, both of which will incorporate learnings from the company’s Skunk Works team. The low-cost EV lineup will utilize its own architecture, but as Ford Authority previously reported, the forthcoming next-gen F-150 EV will also benefit from the same effort, and that’s likely to be true of the Mach-E and E-Transit, though it will be at least two years before we see those products arrive.
Comments
Unlike Skunkworks CE1, Farley has noticeably stopped talking about and hyping “T3”, the next-gen Lighting. I suspect it’s very much in limbo and may be on the brink of mothballs.
Ford and GM are still overobsessed with EVs and it’s disgustingly arrogant.
Ford makes ONE car and he’s overobsessed? Look at what they’re building in Europe. Why not here?
Because the market dictates otherwise
What Jim podcasts say today, tomorrow is no longer valid, he changed is mind and speech so many tines no one believes him …
I agree and Farley has no clue what he’s talking about or even the vision he wants to have. It constantly changes. Pick one path and stick with it for a while.
These cheaper EVs he keeps talking about actually need to get developed and released to the public. He keeps talking about them, but yet, there is no information on it. (I’m sure it’s being kept a secret, but give the consumers and shareholders something to help us believe Ford is making something).
By the time Ford releases any of these EVs, BYD and other EV companies will find a way to penetrate the US market and Ford will shutter their EV division because they can’t keep up.
Just what we need, more slow selling EVs