Ford CEO Calls Breakthrough EV Strategy Another Model-T Moment

Ford CEO Jim Farley has just teased a "Model T moment" that promises to redefine affordability and accessibility in the EV market. Exact details are sparse, but the automotive giant is set to unveil its ambitious plans for a new generation of electric vehicles and a dedicated platform at an event in Kentucky on August 11. Could this herald cheaper EVs for the masses?

During a recent earnings call, Farley injected this exciting little nugget: "August 11, that will be a big day for all of us at Ford. We will be in Kentucky to share more about our plans to design and build a breakthrough electric vehicle and a platform in the U.S."

He emphasized the historical significance, drawing a direct parallel to the original Model T, which revolutionized personal transportation over ...