Ford Motor Co. has announced a delay in the launch of its next-generation electric pickup truck and van, pushing their production to 2028. This shift is part of Ford's strategic pivot towards developing smaller, more affordable electric vehicles (EVs), beginning with a small pickup slated for 2027. The decision comes amid increasing competition from Chinese automakers in the EV market. Ford's CEO Jim Farley has referred to this transition as a "Model T moment," highlighting the company's focus on a low-cost EV platform that will support multiple smaller models. The delay affects the next-generation F-150 Lightning pickup and the E-Transit van, both previously expected earlier. Meanwhile, U.S. EV sales are experiencing a surge as buyers rush to take advantage of the $7,500 federal EV tax credit before it expires on September 30 under President Trump's new budget. This federal policy change coincides with Ford's strategic adjustments in its EV lineup.