This article suggest we might:
https://www.freep.com/story/money/cars/ford/2025/03/27/ford-ranger-pickup-sales-toyota-tacoma/82521315007/
According to that article we may see a conventional Ranger hybrid (maybe similar to F-150 Powerboost) or a Ranger EREV. I think that is likely given that Farley has said all Ford Blue vehicles will have a hybrid version by 2030.
I'm guessing we will more likely see a Ranger Powerboost since all the required tech is sitting on the shelf and would be easy to add to the Ranger. A Ranger EREV, IMO, would have to much overlap with the new CE1 BEV pickup. But I could be biased and wrong because of my skepticism towards EREVs.