Ford Invests $2 Billion In Kentucky Plant To Build Electric Vehicles

Aug 12, 2025 - 15:00
Ford Invests $2 Billion In Kentucky Plant To Build Electric Vehicles

Ford Motor Co. (F) is investing $2 billion U.S. in a Louisville, Kentucky assembly plant that will build more affordable electric vehicles.

The latest investment is on top of $3 billion U.S. earmarked for an electric vehicle battery plant in Michigan.

Together the two facilities will create nearly 4,000 new jobs in the U.S., said Ford in a news release.

The billion-dollar investments are part of the automaker’s new “Universal EV Program” that is focused on building low-cost electric vehicles.

Ford says the new program will start with a midsize, four-door electric pick-up truck to be produced at the Louisville Assembly Plant and launch in 2027.

Ford said the starting price of the new electric pick-up truck will be $30,000 U.S.

Ford noted that lithium iron phosphate (LFP) batteries for the new low-cost electric vehicles will be assembled in the U.S. and not imported from China.

Management at Ford have said the Detroit automaker needs to develop cheaper electric vehicles as it faces disruption from new technologies and rising global competition.

The move towards more affordable electric vehicles also comes as Ford and other U.S. vehicle manufacturers manage changing policies under U.S. President Donald Trump.

Importantly, electric vehicle tax credits are set to end on Sept. 30 this year, which will effectively cancel a U.S. government subsidy that made the automobiles more affordable to purchase.

Ford’s stock has risen 15% this year to trade at $11.14 U.S. per share.