Ford to reveal more about its new low-cost electric vehicles on August 11
Ford CEO Jim Farley describes the upcoming release of new electric vehicles as a transformative "Model T moment," with the first models expected by 2027.
MAIN POINTS
- Jim Farley is the CEO of Ford.
- He refers to the new EVs as a "Model T moment."
- The first new electric vehicles will be released in 2027.
- This marks a significant shift for Ford towards electric vehicles.
TAKEAWAYS
- Ford is positioning its future EVs as revolutionary.
- The 2027 release date indicates a long-term strategy.
- The "Model T moment" suggests a major impact on the automotive industry.
- Ford's commitment to EVs highlights a shift in focus from traditional vehicles.