WHY IT MATTERS: Demand for the Ford F-150 Lightning has exceeded the automaker's wildest dreams, with demand far outstripping supply. Not surprisingly, Ford CEO Jim Farley said there is another electric truck planned. When you strike gold, it makes sense to mine a similar vein. High-volume vehicles are key to Ford's aspirations to become the leader in EVs and scale will also help to reduce cost.
PLATFORM AND POWERTRAIN: Farley and his team are not sharing details of the EV addition to the F-Series family, but Farley ruled out an electric F-250, F-350, or F-450 for now, and has also said it the truck is different from the next-gen Lightning. Which means Ford is most likely going smaller.
Recent trademark filings for Maverick Lightning and Ranger Lightning may reveal Ford's hand. A Ford Ranger Lightning is the most logical next move, and would give the company a fresh EV in a segment that continues to gain popularity. Ford has said the new, next-gen, electric pickup will be made at the new Blue Oval City plant in Stanton, Tennessee, which will also make next-gen Lightnings, starting in 2025.
We can't rule out a performance F-150: an electric Raptor, on the new, dedicated EV platform for the next-generation Lightning, which would mean more than the 580 horsepower and 775 lb-ft of torque already available on the current Lightning. But that will probably come down the road, after the smaller trucks.
As the trademark filing and previous speculation indicate, at some point there will also be an electric version of the Ford Maverick, the car-based small lifestyle pickup that is currently available with a hybrid powertrain. But we think this is further out, given its role as an affordable, entry-level vehicle for the brand that no longer has entry-level cars. The Maverick has the least in common with the body-on-frame full-size F-Series family; the car-based truck uses the same platform as the Ford Escape. While Ford is protecting the trademark now, that's not necessarily an indication that it's imminent.
ESTIMATED PRICE: $35,000
EXPECTED ON-SALE DATE: 2025