The Blue Oval doesn’t plan to stop at an F-150 Hybrid. With help from Rivian following a $500 million investment in the EV startup, the American manufacturer will also bring an all-electric F-150 to market.

Likely based on the next-generation F-150 (due before the middle of the next decade), the battery-electric model is sure to offer impressive performance and driving range from the get-go. Expect the F-150 Electric to come to market with a towing capacity of at least 10,000 pounds and a driving range of more than 200 miles. The EV's arrival could be as soon as 2021.

"Ford has a long-standing commitment to sustainability, with Bill Ford being one of the industry's earliest advocates, and we are excited to use our technology to get more electric vehicles on the road," Rivian boss RJ Scaringe said.