Ford to debut midsize electric pickup on new UEV platform in 2027

Ford is shifting its electric vehicle strategy toward smaller, lower-cost models after ending production of the F-150 Lightning and canceling a three-row electric SUV. The company’s next offering will be a four-door midsize electric pickup slated for a 2027 launch. Ford says the vehicle will provide interior space comparable to a Toyota RAV4 and lower ownership costs than a Tesla Model Y.

Chief financial officer Sherry House told investors at the UBS Auto and Auto Tech Conference on June 3 that prototype units are now being built and tested. A company spokesperson said the prototypes are currently being driven in Michigan and will appear on public streets in the coming weeks.

The pickup will be the first model built on Ford’s new Universal Electric Vehicle (UEV) platform, which the automaker claims will reduce production costs and improve efficiency through techniques such as megacasting that cut part counts dramatically. Over half of the aerodynamics team working on the project comes from Formula 1 backgrounds, and Ford asserts the truck’s aerodynamic efficiency is 15 percent better than existing pickup trucks.

Ford also plans to use prismatic lithium-iron-phosphate (LFP) batteries, a first for a U.S. automaker, to lower costs and free up interior space. Production is expected to begin at the Louisville Assembly plant.

"It’s going to be affordable, and we think it’s affordable to the point that it’s not just competing against EVs, it’s also competing against gas-powered vehicles as well," Ford’s chief executive said.

The announcement comes as Ford’s U.S. electric-vehicle sales have declined, with 12,284 units sold in the first five months of 2026, down from 34,100 in the same period a year earlier. Competitors such as Chevrolet, Nissan, Toyota and Hyundai already offer models in the $30,000-$35,000 price range.