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As the leader of the over 120-year-old automaker, Ford CEO Jim Farley has an essential job of steering it into the future. Farley said smaller EVs, which Ford is shifting toward, are “super important for our society.” Meanwhile, Farley addressed the love for larger, “monster vehicles” in the US.

Although Ford is known for its big, heavy trucks and SUVs, its future may be much lighter. Ford’s CEO confirmed that the automaker needs a “radical change” as it focuses on smaller, more profitable EVs.

“We are just in love with these monster vehicles,” Ford’s CEO said at the Aspen Ideas Festival Friday. And although Farley agreed, “I love them too,” he acknowledged they are a major issue due to their weight.

Ford’s CEO added, “We have to start to get back in love with smaller vehicles. It’s super important for our society and for EV adoption.”

After Farley revealed earlier this year that the company had been secretly working on a new EV platform for smaller, low-cost EVs, Ford is doubling down.

Ford is expected to launch an electric car for around $30,000 in 2027. According to Farley, it will be profitable.

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Ford Mustang Mach E at a Tesla Supercharger (Source: Ford)

Ford is shifting away from monster vehicles with EVs

Although Farley didn’t reveal any new details, Ford is building a team with “some of the best EV engineers” to make the vehicle come to life. Ford has recruited former Tesla, Rivian, Apple, and Lucid engineers to develop the platform.

In an interview with CNBC, Farley said to get to a profitable EV, you have to make a “radical change.”

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Ford electric Explorer (Source: Ford)

That change from Ford comes as it delayed plans for a larger three-row electric SUV to focus on smaller EVs that can turn a profit. Ford is also pushing back its next-gen EV pickup, the “T3,” until 2026.

Farley explained that “big, enormous EVs” are never going to make money. “The battery alone is $50,000,” he said, referring to larger-duty vehicles like Ford’s Super Duty models, which would need massive battery packs to enable +500 smile range.

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Ford F-150 Lightning Switchgear (Source: Ford)

Ford must build EVs profitably in the next five years as leading Chinese automakers like BYD expand into new global markets.

Farley explained that Ford already has competition that make money on EVs, are expanding globally, and building their supply chains.

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Ford Mustang Mach-E GT Bronze edition (Source: Ford)

“And if we don’t make profitable EVs in the next five years, what is the future? We will just shrink into North America.”

Ford lost $132,000 on every EV sold in the first three months of the year, but Farley is confident Ford’s next-gen models will be profitable.

Electrek’s Take

Although Ford has historically made the most money from “monster vehicles,” like larger trucks and SUVs, Farley is right. It will shrink if Ford fails to keep up in the global EV race.

About 98% of Ford’s profits come from the US, but what will happen when lower-cost, more advanced EVs from foreign automakers hit the US market? We are already seeing overseas rivals like Hyundai and Kia gaining market share in the US.

Kia and Hyundai are launching smaller, more affordable EVs in global markets. Kia’s EV3 has already secured over 10,000 reservations in Korea, starting at $30,700 (KRW 42.08 million).

Most others are at this point, too. Volvo’s $35,000 EX30 is hitting new global markets (although it’s delayed again in the US). GM says the $35,000 Chevy Equinox EV model will be available to order later this year.

Will Ford find its market? That’s what Farley hopes for by doubling down on smaller, more affordable EVs now.

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Zoox signs on as the official robotaxi partner of Resorts World Las Vegas

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Zoox signs on as the official robotaxi partner of Resorts World Las Vegas

Zoox has announced a partnership with Resorts World Las Vegas, the first official agreement between a robotaxi provider and a Vegas resort property.

Zoox remains one of the more exciting autonomous rideshare developers we follow on Electrek. It may not be the largest or most expanded robotaxi company, but Zoox has something operating on roads that none of its competitors have been able to do—a purpose-built vehicle.

Earlier this month, Zoox announced an expansion of its testing fleet (not the purpose-built robotaxis) into its seventh US city, Atlanta. The expansion now includes Austin, Seattle, Miami, Los Angeles, and the San Francisco Bay Area.

In the summer of 2023, Zoox expanded its robotaxi operations to Las Vegas, beginning on a one-mile loop at speeds up to 35 mph. By March 2024, Zoox has expanded its robotaxi geofence to five miles from Zoox’s headquarters to the south end of the strip, with multiple routes available in between, at speeds up to 45 mph.

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Zoox also bolstered its robotaxi perception system for inclement weather and adjustments between day and night on the road. This expanded operational hours, including nighttime and continued service under light rain and damp road conditions. 

At that time, Zoox said it was closer than ever to commercial operations and paid customer rides. It’s still not there yet in Las Vegas, but Zoox has announced an interesting new partnership, which should help get more passengers on the strip into its robotaxis while gathering additional feedback

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Select riders can hail a free Zoox robotaxi in Las Vegas

Resorts World Las Vegas announced Zoox as its first-ever official robotaxi partner. This partnership entails a dedicated and branded pickup and drop-off location for autonomous ride-hailing service at the resort and an “experiential activation” within the resort.

After becoming the first company to operate a purpose-built robotaxi on public roads in Las Vegas, Zoox is now the first of such rideshare providers to sign an official partnership with a Vegas resort. Zoox hopes its unique four passenger robotaxi with no steering wheel or pedals will add to the overall experience of Resorts World guests wanting to explore other parts of the strip. Per Zoox’s chief product officer Michael White:

Zoox and Resorts World share a joint focus on creating superior customer experiences. When visitors ride with Zoox, they’ll find the service offers an extension of the signature hospitality they’ve come to expect from Resorts World’s collection of premium brands, including Hilton, Conrad, and Crockfords. This partnership will allow us to enhance the overall guest journey, adding to their Las Vegas experience with personalized mobility.

To that note, Resorts World Las Vegas president and CFO Carlos Castro shared a similar sentiment about Zoox’s technology and how it can add to the world of premium hospitality, much of which Vegas has become renowned for:

At Resorts World, we seek partners that align with our vision of what the future of guest experiences can be. This collaboration with Zoox reflects our commitment to integrating technology solutions that elevate our service offerings and enhance how guests experience our property. By welcoming Zoox robotaxis into our transportation ecosystem, we’re creating new possibilities for our guests, while reinforcing Las Vegas’s position as a global innovation hub.

There is a catch.

Since Zoox has not yet been commercially launched for paid public rides in Las Vegas, interested riders must sign up for the company’s Explorer program. This program invites select riders to experience the Zoox robotaxi for free and provide feedback.

The company plans to open its robotaxi service to the general public in Las Vegas later this year.

I’m going to try to get on the Zoox Explorer list and test one of these rides out in Las Vegas… you know… for research purposes.

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Texas just shot its wind + solar boom in the foot on purpose [Update]

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Texas just shot its wind + solar boom in the foot on purpose [Update]

Texas is No. 2 in the US for wind and solar capacity, but the Texas Senate passed a bill that aims to kneecap clean energy with an industry-killing review process. Here’s what happened in the House.

May 28, 2025: The Senate passed SB 819, which would have created prohibitive new restrictions on wind and solar energy development that didn’t apply to any other form of energy. But it failed to meet deadlines that would have allowed it to progress in the House, so it’s now dead in the water. (Good riddance.)

SB 388 and SB 715, also anti-renewable, also died in the House of Representatives for the same reason. SB 388 would have required 50% of new energy generation to be “dispatchable,” but the bill unfairly excluded battery storage as a form of dispatchable energy. SB 715 wanted to require existing renewable energy installations to install backup energy.

Adrian Shelley, Texas director of Public Citizen, said, “The failure of these three bills is a victory for ratepayers. It is also a tacit recognition by a legislature that is too friendly to fossil fuels that renewable energy sources are an indispensable part of powering the state.”

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April 15, 2025: The Texas Senate today passed SB 819, which creates new restrictions on the development of wind and solar energy under the guise of “protecting” wildlife. The restrictions don’t apply to any other forms of energy.

Texas uses an extraordinary amount of power, and renewables play a big part in supplying that power. The Texas Tribune reported in March that “ERCOT [the Texas grid] predicts that Texas’ energy demand will nearly double by 2030, with power supply projected to fall short of peak demand in a worst-case scenario beginning in summer 2026.” That’s because of extreme weather, population growth, and crypto-mining facilities.

As of February, Texas increased its energy supply by 35% over the last four years, and 92% of that supply came from solar, wind, and battery storage.

Solar is the largest source of energy generating capacity that has been added to the Texas grid. That’s because it’s cost-effective and it can be deployed quickly. So if new solar projects are kneecapped, power demand will outstrip supply in the Lone Star State.

Daniel Giese, Solar Energy Industries Association (SEIA)’s Texas director of state affairs, stated after the Senate’s vote, “With energy demand rising fast, Texas needs every megawatt it can generate to keep the lights on and our economy strong. We cannot afford to turn away from the pro-energy and pro-business policies that made the Lone Star State the energy capital, but that’s exactly what SB 819 does. We urge the Texas House to reject this bill.”

Less clean energy would also jack up electricity bills for Texans, and rural areas would lose billions in landowner revenue and tax payments. Every time a wind farm or solar farm is installed on rural land, it brings a lot of money to the community that surrounds it. A January report estimated that existing and planned solar, wind, and battery storage projects will contribute $20 billion in local tax revenue and $29.5 billion in landowner payments.

What’s especially baffling about this bill is that it flies in the face of a core Texas value – keeping the government out of private property decisions – yet it does precisely the opposite.

Environment Texas executive director Luke Metzger issued the following response: ‘By making it much more difficult to build wind and solar energy in Texas, this bill threatens to increase pollution, increase blackouts and increase our electric bills.​

“Under the guise of helping land and wildlife, SB 819 would create a discriminatory and capricious permitting standard that could grind renewable energy development to a halt.

“We urge the House of Representatives to reject this bill and instead support policies that promote a cleaner, more sustainable energy future for all Texans.”

It will come as no surprise to regular readers that I find this bill ludicrously masochistic. Let me know your thoughts in the comments below, and please keep it civil.

Read more: A vast 600 MW Texas solar farm just hit a major milestone [update]


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Chevy’s EVs are now even more affordable with new deals

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Chevy's EVs are now even more affordable with new deals

Chevy is making it more affordable to drive off in one of its new EVs. With new incentives, you can now snag a 2025 Chevy Silverado EV for much less than a Tesla Cybertruck. The Equinox and Blazer EVs are also on sale this month.

Chevy EVs are getting more affordable

With the electric Silverado, Equinox, and Blazer rolling out, Chevy is now the fastest-growing EV brand in the US.

In the first quarter, GM sold 10,329 Chevy Equinox, 6,187 Blazer, and 2,383 Silverado EVs in the US. Arguably, the biggest reason behind the brand’s success is affordability.

Starting at just $34,995, GM calls the 2025 Chevy Equinox EV “America’s most affordable 315+ range EV. The base LT FWD model has an EPA-estimated range of 319 miles, more than enough for your typical daily commute.

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Chevy launched new deals ahead of Memorial Day, making its EVs even more affordable. After cutting interest rates to 0% APR, Chevy’s electric pickup is significantly cheaper to finance than the Tesla Cybertruck.

The 2025 Chevy Silverado EV is now listed at 0% APR for 60 months, plus you can still take advantage of the potential $7,500 federal EV tax credit.

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Chevy Silverado EV LT (Source: Chevrolet)

According to CarsDirect, the rate cut on a 5-year loan could translate to almost $5,300 in savings. The Cybertruck has a 5-year interest rate of 5.49%.

Chevy is offering 0% APR on all electric vehicles, including the 2025 Equinox and Blazer EVs. Both are also eligible for the $7,500 EV tax credit.

Chevy-EVs-more-affordable
2025 Chevy Equinox EV LT (Source: GM)

The 2025 Equinox EV FWD LT remains one of the best deals right now, with monthly leases starting at just $289. The 2LT model may be an even better deal at just $299 per month.

Chevy is offering leases as low as $399 per month on the 2024 Blazer EV and $849 per month for the 2024 Silverado EV Crew 4WD RST.

Thinking about trying out Chevy’s new EV lineup for yourself? We’ll help you get started. Check out our links below to find Silverado, Equinox, and Blazer EVs at a dealer near you.

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