The 14th-generation Ford F-Series was introduced for the 2021 model year through a live presentation streamed over the Internet on June 25, 2020. Despite sharing a strong visual resemblance to the 13th generation, the 2021 F-150 underwent a redesign of 92% of its parts, carrying over only its cab and pickup box structure.
The powertrain line is largely carried over from the previous generation, with a 3.3-liter V6, 2.7-liter and 3.5-liter EcoBoost twin-turbo V6s, a 5.0-liter V8, and a 3.0-liter diesel V6. Dubbed PowerBoost, an optional gasoline-electric hybrid powertrain was introduced for the first time in a Ford light truck, pairing an electric motor with the 3.5-liter V6. The six-speed automatic is dropped, with all engines paired to a 10-speed automatic. The 5.0-liter V8 receives a new cylinder deactivation system, called Variable Displacement Engine technology, similar to GM's Active Fuel Management and Chrysler's Multi-Displacement System.
Along with exterior design changes to enhance aerodynamics, many changes were made to the interior, adding fold-flat front seats and larger touchscreens (including a digital instrument panel); as an option, Active Drive Assist was offered as a driver-assistance system.
A new F-150 Raptor was announced in January 2021, and features a 3.5-liter V6 gasoline engine.
A fully electric version of the F-150 was unveiled on May 19, 2021: the Ford F-150 Lightning.
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