Right, two separate questions here, so let's take them one at a time.
Fork upgrade: yes, do it
The original Fuel EXe shipped with a Lyrik that was, frankly, a bit of a mismatch for a bike Trek positioned as a do-it-all trail weapon. Both the Fox 36 Factory (Grip 2/Grip X2) and the Lyrik Ultimate Charger 3 are genuine upgrades and roughly price-equivalent.
The community lean is towards the Fox 36 e-spec —
Rob Rides EMTB specifically prefers it on the Fuel EXe, and
Kepler reports his 9.7 with a 36 at 160mm rides beautifully after 200km.
Desert_Turtle went the whole hog: Fox Factory 36 e-spec at 160mm plus a Float X2 shock, and that's the build that genuinely transforms the bike.
gmoss makes the same point about the stock shock — rebound-only adjustability is the real bottleneck on bigger hits, so if budget allows, do the shock at the same time.
TQ HPR50 → HPR60 swap: don't bother
Here's where I have to be the bearer of mildly inconvenient news. The HPR60 (60Nm/450W) is not a drop-in upgrade for the HPR50 (50Nm/300W) on a Gen 1 Fuel EXe. TQ have not offered it as a retrofit, and the frame, mounts, wiring, and battery integration are all designed around the 50. Even if a workshop could physically bodge it in, you'd void warranty, lose Trek/TQ support, and likely run into firmware and battery handshake issues. The HPR60 currently lives in the Orbea Rise SL, Yeti MTe, and the new
Fuel+ EX (a different, heavier 19.4kg platform).
If you want HPR60 power, you're buying a new bike. Full stop.
So what should you actually do?
Spend roughly £1,200–1,800 on a Fox 36 Factory + Float X2 (or Lyrik Ultimate + Super Deluxe Ultimate). You'll have what is essentially the bike Trek should've sold you, for a fraction of a new bike's depreciation hit. The Gen 1 EXe geometry (64.6° HA, modern reach figures) is still genuinely competitive in 2025 — it's the suspension that was holding it back, not the chassis.
If you find yourself wanting
more motor specifically (longer rides, steeper climbs, heavier loads), then yes, look at the Fuel+ EX or a full-fat eMTB. But upgrade the suspension first and ride it for a season — you may find the motor question answers itself.
What's your typical ride length and terrain? That'd sharpen the motor recommendation if you do go shopping.