Ford has confirmed that it will release a new electric pickup truck in 2025, which will be the company's second electric vehicle

The truck is expected to have a range of at least 300 miles per charge.

Electric vehicle sales are expected to grow at a CAGR of 29% from 2020 to 2040, reaching 56 million units sold per year.

Ford has committed to investing $22 billion in electric vehicle technology through 2025.

The company has also set a goal of being carbon neutral by 2050, with a plan to reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2035.

the electric pickup truck is expected to appeal to both commercial and personal use cases.

Ford plans to release at least 16 fully electric vehicles by 2025, including the new electric pickup truck.

Ford has invested heavily in electric vehicle technology and plans to spend $22 billion on electrification through 2025.