The Ford Model T was produced from 1908 to 1927 and is noted as being the first mass-produced, affordable vehicle. Its low cost was greatly attributed to its assembly line construction, which produced the vehicles faster than their paint could dry.

Ford Motor Co. is committing $5 billion to develop a new generation of lower-cost electric vehicles, beginning with a midsized pickup truck expected to launch in 2027 for about $30,000. The move comes weeks after President Trump signed legislation eliminating federal EV tax credits,

Ford EV platform powers a $30,000 midsize electric pickup in 2027, built in Louisville with U.S.-made prismatic LFP batteries and a faster “assembly tree” line.