Lots of speculation in this thread. Not a lot of talk about the international market where Ford has been mostly a no-show with the F-150 lightning. Internationally, Toyota and BYD are starting to dominate the electric truck market. The electric Hilux is launching next year and the BYD Shark is doing well in e.g. Australia and Mexico. That's a range extended vehicle similar to the new F-150 sold at an aggressive price point. There are a few other Chinese vendors getting ready to market their vehicles as well. It's a popular car type across South America, Africa, Australia, etc. And Toyota used to dominate that market. The market clearly exists and it's rapidly electrifying.
Internationally the trend is actually towards battery electric vehicles that are more affordable than their ICE or hybrid equivalents. If such non electric models are available at all. That's becoming true for a growing number of cars in especially the EU, Australian, or Asian markets. The cheapest cars in the EU are electric at this point. There's a growing number of cars priced well below 20K Euro. And not just from China. 2025 saw a few models for which that was true. 2026 will feature a lot more.
How is this possible? Batteries are now cheap. Electric motors were never that expensive. And the rest of the car is what it always was a bunch of wheels, window wipers, and other components. The cheapest car is the simplest car. That's going to be an electric one from 2026 onward.
Why did the F-150 electric flop? It was more expensive than the petrol variant. You have to pay a very steep premium for them. Ford never really figured out how to source cheap batteries. And even at that steep premium they never figured out profitability. It seems they are getting out of battery joint ventures even and reducing investment. They are giving up and ceding the market to others. Just as others are figuring this market out and are proving it is real.
Technically, if they ever wanted to make a cheaper version of this new range extended truck, all they'd have to do is junk the range extender and cram the vehicle full of cheap LFP batteries. As much as they can get away with. But that would require that they figure out how to source/make cheap batteries. Clearly that's not a problem that is solved in the US yet. They might get back to this topic in a few years.