When Ford unveiled the F-150 Lightning last week — an all-electric version of the best- selling vehicle in the United States—it was a big moment in the short history of electric cars. The 530-horsepower, 6,500-pound truck’s sticker price of just under $40,000 ($32,474 with a federal tax credit) drew comparisons to Ford’s Model T, the vehicle credited with making cars accessible to the middle class. In the first 48 hours after the battery-powered behemoth debuted, Ford received close to 45,000 pre-orders for it, equivalent to nearly 20 percent of all EVs registered in the U.S. last year.

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