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Ford Has a Secret Team Working on a $30,000 Electric Truck to Beat China. It’s a ‘Model T Moment,’ Says CEO.

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Why This Matters

Ford's secret project aims to develop a $30,000 electric truck to compete with Chinese automakers, marking a potential turning point similar to the original Model T. By leveraging innovative manufacturing techniques and a diverse team of industry veterans, Ford seeks to revolutionize affordability and accessibility in EVs, challenging industry norms and global competition. This initiative could significantly influence the future landscape of electric vehicles and consumer choices.

Key Takeaways

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What happens when you put Tesla veterans, Apple engineers and Ford misfits in a factory together at 3 a.m.? A $30,000 electric truck that could either save Ford or be its next Edsel.

Ford has been running a secret “skunk works” project since 2022 to build an electric truck that can compete with Chinese automakers, says The Wall Street Journal. The team—led by Tesla Model S engineer Alan Clarke and staffed with Apple and Tesla veterans plus what Clarke calls Ford’s “misfits and malcontents”—is tearing up a century of manufacturing practices to hit that $30,000 price point. They’ve eliminated thousands of feet of copper wiring, ditched Ford’s “smokers window” design and scrapped the traditional assembly line for a modular “assembly tree” system. CEO Jim Farley is calling it Ford’s “Model T moment.” One hitch: Ford’s previous electric F-150 cost up to $77,000 and the company killed it last year after racking up billions in losses.

The truck is set to launch in 2027 with 300 miles of range and Mustang-level speed. Hyundai’s CEO says competing with China on EVs “is impossible” without government subsidies, but Ford is betting a radical culture clash between Silicon Valley and Detroit can prove him wrong.