SUMMARYFord is pivoting from the F-150 Lightning to a new Universal Electric Vehicle Platform focused on lower-cost EVs. The first vehicle will be a roughly $30,000 electric truck planned for reveal in 2027, and Ford aims to build a family of affordable EVs at its Kentucky assembly plant. The company is pursuing profitability after taking a $19.5 billion hit on EV investments in 2025.
The end of the Ford F-150 Lightning was also the start of a new era for the automaker. After failing to capture the market with the electric version of its popular F-Series truck, Ford is going back to the drawing board with its Universal Electric Vehicle Platform.
The first offering will be a $30,000 electric truck, engineered for efficiency and also — perhaps most importantly — profitability. The truck will be revealed in 2027, but Ford plans on building a whole family of low-cost electric vehicles at its Kentucky assembly plant. The heavily camouflaged truck has already been spotted out in the wild, with observers noting that it seems even smaller than the Maverick.
Success isn’t guaranteed. Ford has struggled to make profitable EVs, forcing the company to take a staggering $19.5 billion hit on its EV investments in 2025. But Ford still sees EVs as the future — just not oversize ones with “no path to profitability,” as executives say.
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- Ford CEO Jim Farley on China, tariffs, and the quest for a $30,000 EV
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