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Ford expects profitable $30,000 EV in two and a half years, CNBC reports
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Ford expects profitable $30,000 EV in two and a half years, CNBC reports
Jun 28, 2024 3:41 PM

June 28 (Reuters) - Ford Motor Co ( F ) expects to

launch a $30,000 EV that could be profitable in about two and a

half years but did not provide any further details on the

vehicle, CNBC reported on Friday.

In April, Ford CEO Jim Farley had alluded to the automaker's

expectations of being profitable in the $25,000 to $30,000 range

for EVs.

Ford did not immediately respond to a Reuters request for a

comment.

The company has been shifting focus to produce larger

electric trucks and SUVs, along with affordable and smaller EVs

that are being developed by a "skunkworks" team in California.

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