Ford is seemingly doubling down on its pitch for an affordable electric truck…sort of. In a recent investor meeting, CEO Jim Farley presented and elaborated on the Dearborn automaker’s latest “Ford Universal EV Platform.”
In the presentation, Farley went into detail to explain that the automaker is working on a new pickup-esque EV that will favor utilitarian capabilities while leveraging performance, and feature one of Ford’s most tech-forward interiors yet. But more so, it should cost around $30,000.

Given those details, it sounds like Ford will beat Jeff Bezo’s Slate truck to the affordable pickup punch.
However, while the bodystyle term, pickup, keeps getting used, Farley himself went on to say that it’s not quite exactly that.
Ford’s “Model T Moment” is “not really a pickup”

According to Farley, who continued the conversation on a podcast episode with The Verge, the new vehicle isn’t “really a pickup,” but rather, a new shape that happens to feature a pickup truck bed. He also described it as having more room than a Toyota RAV4.