Ford CEO says a profitable $30,000 EV is coming in two and a half years

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Ford CEO says a profitable $30,000 EV is coming in two and a half years
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Farley said its main competitors are expected to be Chinese automakers such as BYD and an anticipated entry-level car from U.S. EV leader Tesla.

Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival.

Farley said it's crucial for Ford to make profitable EVs in the next five years, as Chinese automakers continue to expand globally.expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival.

He also said Americans need to"get back in love" with small cars instead of larger ones, a surprising statement given a majority or Ford's profits come from trucks and considering American carmakers have historically had trouble making money on small models.

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