Ford has officially discontinued the production of its all-electric F-150 Lightning as part of a sweeping review of its electric vehicle strategy. This decision follows significant losses and a drop in consumer interest in large electric vehicles. The company is poised to take a substantial $19.5 billion hit related to this pivot, shifting focus towards hybrid models and battery storage solutions instead. In a significant turn, the next iteration of the F-150 Lightning will be a plug-in hybrid, equipped with a gas generator, marking a notable departure from its fully electric version. As part of this restructuring, Ford plans to redeploy resources and factories to develop new gas-powered trucks and vans, and explore energy storage products, indicating a major strategic shift in response to market demands and challenges.