Ford is working on an all-electric version of its F-150 pickup truck
- Ford has revealed plans to make a fully electric version of its F-150 pickup truck, the best-selling vehicle in the US for decades.
- Ford previously announced plans to market a hybrid gas-electric version of the pickup.
- Ford didn't provide a timeline for the electric F-150's arrival, but the hybrid is scheduled for 2020.
Ford took the occasion of the Detroit auto show kicking off this week in Motown to announce an all-electric version of its best-selling F-150 pickup.
The automaker has previously said that it would market a hybrid gas-electric version of the F-150, which has been the sales leader for all vehicles sold in the US for decades. In 2018, Ford sold more than a million F-Series pickups worldwide.Ford confirmed that the all-electric F-150 was under development, but the automaker didn't provide a timeline for the pickup hitting the streets.
The automaker is in the midst of a multi-billion-dollar restructuring under CEO Jim Hackett, but the F-150 has already been substantially revamped. A new design was launched in 2015, featuring lightweight aluminum construction and fuel-efficient, powerful turbocharged engine options.
The hybrid is the next step, enabling Ford to sustain the F-Series and its profit margins in the case of a future of more stringent government fuel-economy standards.
An all-electric F-150 comes as a bit of a surprise. But the engineering advantages of electric pickups are appealing: the large, full-size platform is ideal for carrying a large battery, needed to supply adequate range, power, and towing capability.
Several other carmakers are entering the all-electric pickup game. Startup Rivian revealed its truck at the LA Auto Show last year, and Tesla has been teasing the public with its own pickup ideas for years.Get the latest Ford stock price here.