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Ford CEO Jim Farley: A 'Huge Price War' Is Coming to Electric Car Market

Ford CEO Jim Farley recently stated that he believes that the electric car market will soon enter a price war with upcoming models costing as little as $25,000. Farley seems thrilled with the prospects of manufacturing electric vehicles, which may impact manufacturing employment. He describes EVs asย "Half the fixtures, half the work stations, half the welds, 20% less fasteners. We designed it, because itโ€™s such a simple product, to radically change the manufacturability."
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