While electric vehicles certainly boast numerous advantages over their ICE-powered counterparts, affordability currently stands as one of the largest barriers to enticing new customers to go all-electric. Many major automakers have recognized this, and now, General Motors rival Ford has announced that it is working on a low-cost EV platform.
According to a report from GMA sister publication Ford Authority, Ford CEO Jim Farley claimed that a small skunkworks team worked to develop a more affordable EV platform. Interestingly, this platform appears to be unrelated to several other Blue Oval all-electric architectures.
“Now this is important because we made a bet in silence two years ago,” Ford CEO Jim Farley was quoted as stating. “We developed a super-talented skunkworks team to create a low-cost EV platform. It was a small group, small team, some of the best EV engineers in the world, and it was separate from the Ford mothership. It was a start-up. And they’ve developed a flexible platform that will not only deploy to several types of vehicles, but will be a large installed base for software and services that we’re now seeing at Pro.”
It’s worth noting that no potential pricing details have been released regarding a low-cost Ford EV.
In regards to General Motors, the Detroit-based automaker recently sunset production of the Chevy Bolt EV and Chevy Bolt EUV, thus discontinuing what once stood as its cheapest entry-level all-electric vehicle. That being said, The General has already confirmed that a second-generation of the Bolt EV is currently in the works. Set to arrive for the 2025 model year, the next-gen Bolt EV will be based on the current Bolt EUV rather than a clean-sheet design, and could be built at the GM Fairfax plant in Kansas.
Additionally, the second-gen Bolts will feature lithium iron phosphate (LFP) batteries, which will have to be obtained from a supplier. This is an interesting detail, as the GM Ultium batteries found in almost every GM EV utilize a nickel-cobalt-manganese-aluminum (NCMA) chemistry.