Ford Launches UEV Platform, Plans $30,000 Midsize Electric Pickup Next Year
Ford has developed the Universal Electric Vehicle platform at its Long Beach facility to underpin its next-generation EV lineup, including a roughly $30,000 midsize pickup truck slated for U.S. release next year. Ford expects UEV’s U.S.-produced lithium iron phosphate cell battery and 48-volt architecture to drive breakeven by 2029.
1. Universal Electric Vehicle Platform Development
Ford has built its Universal Electric Vehicle platform at its Long Beach, California, facility to serve as the foundation for its next generation of electric vehicles. This clean-sheet architecture aims to standardize production across multiple vehicle segments and reduce complexity in the automaker’s EV lineup.
2. $30,000 Midsize Pickup Truck
The first model on the UEV platform will be a midsize electric pickup truck priced at roughly $30,000, expected to go on sale in the U.S. market next year. Ford positions this vehicle as unmatched in its class for both price and product form.
3. Advanced Battery and Electrical Architecture
The UEV platform incorporates a smaller battery pack using U.S.-produced lithium iron phosphate cells along with a 48-volt electrical system to improve efficiency and reduce weight. These innovations are designed to achieve cost parity with gasoline-powered vehicles.
4. Breakeven Goals and Competitive Outlook
Ford anticipates turning its Model e unit profitable by 2029, leveraging the UEV platform’s efficiencies to offset annual losses. Company leadership projects that rapid execution and competitive pricing will be key to outperforming rival EV offerings, including lower-cost imports.