Ford's decision to invest $5 billion in a new family of electric vehicles might seem crazy at this point, given how much the political winds have shifted against EVs since President Trump took office.

The American automaker announced a $5 billion investment into its EV plants, a new electric vehicle platform and an affordable electric truck arriving in 2027.

Ford is set to launch a $30,000 electric pickup in 2027, calling it its next ‘Model T’ moment. Built on a new EV platform, it promises faster production, lower costs, and features like home power backup.