Prices for the Ford F-150 Lightning just skyrocketed.
Fords Flash pricing of the Ford F-150 is rising, from $6000 to $8500, the company said today, as it announced the ordering books for the popular electric pickup are opening up again this week. That is because Ford announced a bump today for all of its electric pickups for 2023, with prices rising between $ 6,000 and $8500, depending on trim level.
Ford, which makes one of two EV pickup trucks in the U.S. market, announced Fords third price hike in the F-150s Lightning Electric, which brings its total price hike since the Lightnings introduction to $16,000, a 40% jump. Fords All-Electric F-150 Lightning has seen significant price increases For Fords All-Electric F-150 Lightning, we have explored the reasons the truck is priced this high. Fords F-Series has been the top-selling truck in America for 45 years, and the F-150 Lightning is carrying that F-Series success over to the EV.
Ford is opening up orders to existing reservation holders of its highly-popular F-150 Lightning Electric truck — the new model will have a bumped-up standard range, new colors, and more. Fords new Pro Special Service Vehicle package is now available on the Pro models of the F-150 Lightning to fleet customers. Base models of the Lightning Pro model are bumped up $41,669 to $48,769, including $1,795 in destination charges, and top Platinum trim, which includes the extended-range battery, is bumped up $6,100 to $98,669, Ford disclosed Tuesday.
It also contains options and tech specs for Fords F-150 Lightning, and it reiterates the extended-range battery will only be available in all four grades. The new feature, which is available on even the base versions, is part of the $1,400-$2,000 tow technology package, depending on the particular truck model, according to Ford. Even with Fords new battery strategy, Ford said that by late 2023, they are limiting production of 150,000 Lightning models.
Among the most immediate concerns of prospective buyers of the F-150 Lightning are the cost of replacing a battery, concerns about how long a battery will last, and what warranty coverage may be available if the battery fails. When consumers add up prices such as $96,020 for the Platinum Edition of the Ford F-150 Lightning, then $35,960 for the replacement battery, these numbers are mind-boggling, and could have prospective buyers running for the hills. Ford has raised the base version price of the F-150 Lightning another $4000, or an additional 8%, to an entry-level $55,974.
Last August — right when Congress was passing its inflation-reduction bill — Ford raised the price of the Lightning by $7000, to $46,974, swallowing almost all the $7. The Ford Mustang Mach-E, Fords electric SUV, has also announced higher starting prices for 2023 models.