Ford to invest $2 billion in affordable electric vehicle production in the U.S.



08/12/2025 11:19 AM


Ford Motor Company intends to invest $2 billion to renovate a facility in Kentucky for the production of budget-friendly electric vehicles.



Ivan Radic
The company's press release states that the inaugural model manufactured at the facility will be a mid-size electric pickup truck with four doors. Production is set to start in 2027. The pickup truck will serve as a cheaper option compared to the well-received F-150 Lightning model.

Previously, the automaker declared a $3 billion investment for the establishment of a battery facility for electric vehicles in Michigan.

Altogether, these initiatives will generate or preserve approximately 4,000 jobs.

source: cnn.com


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