Ford Unveils Next-Generation F-150 Lightning with Extended Range and Enhanced Towing Capacity
Ford has revealed the latest update about the debut of F-150 Lightning, the American automaker’s highly anticipated electric pickup truck, the new vehicle, according to the company would have an option of up to 400 miles on a single charge, due to enhanced batteries. The new model is capable of generating up to 12,500 pounds of towing power therefore rating it among the best all–electric trucks. The F-150 Lightning has been integral of Ford’s electrification plan, enabling the company to extend its reach into the e-pickup market.
Electric and Fuel Cell Truck Market Size
According to Precedence Research’s recently published report on the electric and fuel cell truck market size was valued at USD 3.84 billion in 2024 and is expected to achieve around USD 62.28 billion by 2032 with a notable CAGR of 41.6% during the forecast period.
Key Features of the 2024 F-150 Lightning
- Enhanced Battery Range: The new F-150 Lightning includes a 15% increase in battery capacity, improving its range from 340 miles to 400 miles on a full charge.
- Towing Capacity: The truck’s updated chassis and motor system allow it to tow up to 12,500 pounds, a 10% improvement over the previous version.
- Smart Power Management: The F-150 Lightning also integrates Ford Intelligent Backup Power, allowing the vehicle to serve as an energy source for homes during outages.
Electric Truck Trends 2024
The global market for electric trucks is expanding exponentially, as customers around the world are seeking clean energy vehicles for both commercial and consumer uses. In its Damtan report, the IEA predicted that 1 million electric trucks are expected to be sold per year by the end of 2026 up from 250,000 by 2023.
Global Electric Truck Sales Projections (2023–2026)
| Year | Electric Truck Sales (Units) | Annual Growth Rate (%) |
| 2023 | 250,000 | — |
| 2024 | 450,000 | 80.0 |
| 2025 | 700,000 | 55.6 |
| 2026 | 1,000,000 | 42.9 |
Ford aims to produce 2 million electric vehicles annually by 2027, including 500,000 electric pickups. In 2023, the company sold 100,000 F-150 Lightning units, accounting for 15% of its overall electric vehicles sales.
- Battery Advancements: Ford is investing heavily in solid-state batteries, with plans to introduce them into its lineup by 2028. These batteries will offer higher energy density and shorter charging times.
- Production Expansion: The company is expanding its Dearborn, Michigan factory to produce up to 200,000 electric trucks annually by 2025.
There is an increase in consumers’ demand for electric trucks through government policies that seek to control carbon emissions in the transport industry. In the United States, Clean Trucks plan requires sales of 100% new zero-emission trucks by 2040, with commercial electric trucks bonuses.
Global Electric Truck Incentives by Region (2024)
| Region | Average Incentive per Truck (USD) | Target for Zero-Emission Trucks |
| United States | $40,000 | 100% by 2040 |
| European Union | $35,000 | 50% by 2035 |
| China | $30,000 | 60% by 2030 |
The new F-150 Lightning help Ford build on its presence in the burgeoning market for electric trucks over the next decade. Ford believes that the F-150 Lightning contribute towards 25% of the firm’s global EV sales in 2026, and play a critical role in transitioning to zero-emissions, light, and medium-duty commercial trucks.
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