Just last month, Ford seemed to be on the brink of sunsetting the F-150 Lightning. Today, the vehicle manufacturer announced plans to reboot the truck as a hybrid. This next generation of the F-150 Lightning will contain Extended Range Electric Vehicle. An EREV is similar in concept to a plug-in hybrid but with a larger battery that’s topped up by a gas generator — the powertrain itself is all electric. This next generation of the F-150 Lightning will offer an estimated range of more than 700 miles. Production will end this year on the current F-150 Lightning models.

This revamp of the F-150 Lightning is part of Ford’s latest approach to electric vehicles. The company projected that by 2030, half of its global volume will be comprised of hybrids, extended-range EVs and electric vehicles, compared with 17 percent today. “As part of these actions, Ford no longer plans to produce select larger electric vehicles where the business case has eroded due to lower-than-expected demand, high costs and regulatory changes,” the company’s press release states. Ford will also swap its planned electric commercial van for North America with a new, affordable commercial van that has both gas and hybrid options. The company anticipates seeing a $19.5 billion negative impact for this pivot away from EVs.