It axed the F150 Lightning. They might have later announced that they're going to bring it back as an EREV (pretty much PHEV), but that seemed like a separate decision. If it were the same decision, they would have announced it at the time of the cancellation announcement, to make it seem more like a pivot.
That’s actually old news they just announced the Ford Fathom, which is all electric and supposedly significantly cheaper than even the base model lightning.
The rest of the world doesn't drive F-series trucks.
I'm thinking of getting a Ford EV as my next car, prefer the features and looks to the equivalent Stellantis models.