Ford has spent the last few years promising it will make an all-electric version of its extremely popular pickup truck, the F-150. Now the company is saying it will go on sale by the middle of 2022 what’s expected to be the biggest year for new vehicle launches in decades, according to a new study from Bank of America Merrill Lynch.
Ford’s chief operating officer Jim Farley shared the news on Wednesday, but didn’t offer any further specifics about the truck in an interview with CNBC or during an appearance at a Deutsche Bank automotive conference. He did say that the release of the electric version of Ford’s Transit van has been pushed back a year to 2022, though.
The F-150 EV is just one piece of Ford’s push into electric vehicles, though. Ford is expected to show off a hybrid F-150 later this summer alongside the new version of the standard internal combustion engine version. The Mustang Mach-E electric SUV is being released at the end of this year. Ford has also invested more than $500 million into Rivian and is working with the startup on an electric vehicle for Lincoln.
The electric F-150 could be facing a crowded marketplace when it arrives in showrooms, with battery-powered trucks from Tesla, GMC and startup Lordstown Motors all scheduled to go on sale next year.
Along with the F-150 EV, Farley said an all-electric Transit van will also enter production in 2022.
General Motors also plans to have an electric commercial van in production by the end of 2021 in order to beat Tesla to market in the segment, according to Reuters, but GM has not commented on the report.
