With several pickup trucks, including the much-touted all-electric options, competition is increasing. The Ford F-150 still rules, but the manufacturer isn’t resting on its success.
As such, the production of the next generation of the popular F-150 pickup trucks series has started. The trucks will be made in the company’s Dearborn, Michigan, plant. They’re expected to go on sale in November.
The launch of the country’s top-selling vehicle is “on time and on track,” said new company CEO Jim Farley.
Ford will debut electric truck in 2022
The manufacturer also simultaneously announced it will join the highly competitive electric truck market in mid-2022. It’s when a battery-electric version is expected to debut.
According to the manufacturer, the battery-electric version of the truck will have a lifetime cost of ownership roughly half of the current gas-powered model. It also will include a large front trunk in place of an engine.
The entry into the EV truck market with its 2022 model will occur after the pending debuts of the anticipated debut of truck’s new edition. The 2021 GMC Hummer EV electric pickup, 2021 Rivian R1T electric truck and 2021 Tesla are pending.
Ford sells almost 900,000 F-Series pickup trucks a year. Its segment-leading status generated about $42 billion in revenue last year.
Few additional details of the new F-150 were announced, nor was there further information about the pending EV truck.
The current F-150 pickup truck has a towing capacity of 5,000 to 8,000 pounds.