Ford to Invest $2 Billion in Louisville Plant for Affordable EV Production

Louisville, Kentucky – Ford Motor Co. will invest $2 billion in its Louisville Assembly Plant to produce more affordable electric vehicles, the automaker announced Monday.

The investment is part of Ford’s new “Universal EV Program” and follows $3 billion already committed to a battery park in Michigan. Together, the projects are expected to create or secure nearly 4,000 jobs.

The Louisville plant will build a midsize, four-door electric pickup priced around $30,000, with production set to begin in 2027. Ford CEO Jim Farley called the initiative a “radical approach” to making low-cost EVs that meet customer needs in design, performance, and affordability.

The company said the EVs will use lithium iron phosphate (LFP) batteries assembled in the United States rather than imported from China.

The plant currently employs more than 3,000 workers, but Ford noted it will employ about 600 fewer once retooled for EV production. Farley emphasized Ford’s overall job growth, stating the company has added 13,000 jobs in the US since the last recession.

The announcement comes as US automakers face rising competition from Chinese EV makers like BYD and shifting policies under President Donald Trump, including the upcoming end of federal EV tax credits on September 30.