Ford Revamps F-150 Lightning as EREV with Gas Generator
In a significant turnaround, Ford has unveiled plans to transform its F-150 Lightning into an Extended Range Electric Vehicle (EREV), reversing earlier intentions to discontinue the model. This revamped version will function as a hybrid, integrating an all-electric powertrain complemented by a gas generator, enabling a remarkable driving range exceeding 700 miles.
Production of the existing F-150 Lightning models will conclude by the end of this year, marking a pivotal shift in Ford’s strategy for electric vehicles. This enhancement aligns with Ford’s ambitious vision, which anticipates that by 2030, hybrids, eREVs, and electric vehicles will account for half of its global sales, a leap from the current 17 percent.
The company’s recent press release indicates a strategic pivot away from certain larger electric models due to disappointing demand, rising costs, and shifting regulations. Ford will also replace its anticipated electric commercial van in North America with an affordable hybrid and gas-powered alternative. However, this transition comes with an expected $19.5 billion financial setback as the company adjusts its electric vehicle approach.
Key Highlights:
– Ford is reintroducing the F-150 Lightning as an EREV.
– The new model will have an impressive range of over 700 miles.
– Production of existing F-150 Lightning models will cease by year-end.
– Ford targets 50% of its global sales to be hybrids and EVs by 2030.
– Financial implications include a projected $19.5 billion impact due to the EV strategy shift.
