Ford has begun previewing the 2023 F-150 Lightning all-electric pickup truck ahead of its official unveiling later this month (May 19). The event, which will be held at the company's headquarters in Dearborn, Michigan, will also be live streamed.

The Ford F-150 is the best-selling vehicle in America and has been so for over 40 years. The introduction of an EV model is therefore very significant. The company has already released a teaser video to celebrate the launch later this month.

The Ford F-150 Lightning is actually a rebranding of sorts. The Lightning is a model that Ford marketed as a sub-brand of the Special Vehicle Team (SVT) in the 1990s.

At this time, not much is known about the Ford F-150 Lightning. What we do know is that it has a dual motor configuration, mobile power generation, a "hands-free" driving mode with BlueCruise, and, like Tesla, wireless software updates.

The Mustang Mach E and F-150 Lightning are part of Ford's new strategy to spend $22 billion on multiple EVs and hybrids by 2025.

So here is everything we know so far about the 2023 Ford F-150 Lightning.

Right now, the Ford F-150 Lightning is slated as a 2023 model. Other than that, we can't say anything else until Ford gives us more details.

The Ford F-150 has always been seen as an everyman's truck, but it has definitely started to rise in price over the past few years. At the moment, the cheapest F-150 trim, the XL, can be found for $28,949. Lightning is not likely to get much cheaper.

Whatever name Ford chooses to give the Lightning variant, it will certainly range from the practical base level to top-of-the-line luxury.

The current Ford Mustang Mach E starts at $42,895. The F-150 Lightning is also not expected to cost much less. Factoring in government rebates and incentives, we expect it to start in the $60,000 range. From there, however, we expect it to skyrocket and easily cross the six-figure mark. This potential pricing strategy will outperform the upcoming Tesla Cybertruck, which ranges from $39,900 to $69,900.

Nothing is known about the F-150 Lightning's range, but given its size, one would expect Ford to be able to pack a significant battery pack inside. Given that most truck owners live in rural areas, the F-150 Lightning would need enough power to travel at least 200 miles with cargo in the bed. Given that, the F-150 Lightning is expected to have a range of at least 300 miles. Anything less than that would dissuade buyers.

Ford has yet to release official specs, but we know from marketing staging done in 2019 that it boasts a towing capacity of 1,000,000 pounds. Granted, it was to tow a train alongside the tracks. The train's wheels are made of steel, and the tracks are also made of steel. This creates very little friction, which is why trains are incredibly efficient when hauling large loads. It is also why it is so difficult for trains to travel uphill.

In any case, Ford posted a video on its YouTube channel of an all-electric Ford F-150 pulling a million-pound train. Impressive on paper, but if the train had rubber tires, it definitely would not be able to pull it.