Wednesday, November 20, 2024
Electric VehicleEV News

Ford to Introduce All-Electric Ranger Truck by 2025

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The Ford Motor Company is set to launch an EV model of the renowned Ranger pickup truck by the year 2025. This new electric ranger not only competes with other branded pickups but also rivals in the emerging EV truck segment. The new model has approximately 402 miles on a single charge and is endowed with Ford Co-Pilot360 severally technologies. The electric ranger is aimed at consumers within the North American and European regions since electric trucks are gaining popularity.

Electric Truck Market Size

According to Precedence Research’s report on the global electric truck market size is calculated at USD 3.16 billion in 2024 and is expected to cross USD 20.25 billion by 2032. The EV truck industry is registering a double-digit CAGR of 26.10% between 2024 to 2032.

Electric Truck Market Size 2023 to 2032

The electric Ford Ranger, which is planned for launch by 2025, introduces extraordinary elements to the electric truck market. Based on an electric-only range of up to 402 miles, the car is also intended to accommodate long journeys and strenuous use. This makes it convenient for the consumer who needs more from trucks regarding endurance and efficiency. Furthermore, the electric SUV Ranger is capable of pulling 8,000 lbs effectively, making it the perfect choice for old-school truck consumers.

The interior of the new electric Ranger incorporates multiple sustainable materials. Plastic produced from recycled utensils and natural fibers can be utilized as the material for the interiors, which will be comfortable and long-lasting while participating in environmentally friendly programs. This is in line with sustainability in car production and is among the strategies that Ford is using to ensure it reduces its impact on climate while at the same time catering to market needs by developing high-performing electric cars.

According to data from the International Energy Agency (IEA), the global electric truck market is expected to grow substantially, driven by stricter emissions regulations and the growing demand for zero-emission vehicles.

Year Global Electric Truck Sales (Million Units)
2023 0.5
2024 0.8
2025 1.3

Ford aims to make electric vehicles (EVs) 40% of its global sales by 2030. In 2023, the company sold over 200,000 EVs, and it plans to introduce several new models, including an electric version of the Explorer SUV, in the coming years.

Global governments are supporting the adoption of electric trucks primarily through incentives to subsidize the vehicles. Demand for electric trucks in the U.S. entitles buyers to federal tax incentives of up to USD 7,500, while in the EU, some member states are offering incentives of between USD 5,000 and USD 12,000.

Country Average Incentive per Truck (USD) Target for Zero-emission Vehicles
U.S. $7,500 50% by 2030
European Union $5,000 – $12,000 100% by 2035
China $4,500 60% by 2030

Ford expects the all-electric model of the Ranger pickup to be a decisive factor in strengthening its market share of electric trucks.

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Radheckaa
radheckaa@towardsevsolutions.com | Website | + posts

Meet Radheckaa, a dynamic force in the world of EV industry news and content. With a master's degree in English literature and years of immersive experience as a writer, Radheckaa brings a rare blend of creativity, depth, and expertise to every piece she pens. Her special passion for the automotive industry shines through in her work, where she explores the fast-evolving world of electric vehicles with a sharp eye for detail and innovation.

Her ability to weave storytelling into factual content ensures readers are not only informed but also intrigued. This unique skill set positions Radheckaa as a thought leader, someone who doesn’t just report on the EV industry but explores its broader implications, sustainability, innovation, and the future of mobility.

Radheckaa

Meet Radheckaa, a dynamic force in the world of EV industry news and content. With a master's degree in English literature and years of immersive experience as a writer, Radheckaa brings a rare blend of creativity, depth, and expertise to every piece she pens. Her special passion for the automotive industry shines through in her work, where she explores the fast-evolving world of electric vehicles with a sharp eye for detail and innovation. Her ability to weave storytelling into factual content ensures readers are not only informed but also intrigued. This unique skill set positions Radheckaa as a thought leader, someone who doesn’t just report on the EV industry but explores its broader implications, sustainability, innovation, and the future of mobility.