Ford simply introduced the F-150 Lightning electrical pickup truck loads nearer to the initially promised beginning value.
On Monday, Ford lowered the worth of the F-150 Lightning by $9,979 on the bottom Professional mannequin. It now prices $51,990, together with a $1,995 vacation spot cost. The pricing adjustment marks the primary lower after 4 value hikes because the launch of the Lightning in April 2022.
That places it at solely 25% greater than the electrical truck’s base value on the time of its introduction, when it price $41,669—versus its latest markup of practically 50%.
Ford Mannequin E spokesperson Marty Günsberg advised Inexperienced Automotive Reviews that any Lightning at the moment on order, scheduled for manufacturing, or scheduled for supply will obtain the worth minimize efficient as we speak.
The bottom Lightning Professional mannequin is offered out for retail prospects for the 2023 mannequin 12 months, in response to Günsberg.
XLT fashions acquired a $9,479 value drop and now price $56,990 with the Customary Vary battery. Choosing the bigger Prolonged Vary battery pack provides $15,000.
Lariat fashions acquired a $6,979 value minimize and now price $71,990 for Customary Vary vehicles whereas Prolonged Vary Lariats now price $79,490.
Prime-of-the-line Platinum Prolonged Vary fashions acquired a $6,079 value minimize and value $93,990.
Ford Mannequin E Chief Buyer Officer Marin Gjaja famous that the 4 Lighting value will increase have been as a result of rising materials price and provide chain constraints. Ford mentioned the Lightning’s Rouge Plant may have an annual focused manufacturing run price of 150,000 models after latest upgrades, and improved battery uncooked materials prices and scaling manufacturing led to those value cuts.
Ford mentioned most F-150 Lightnings ought to stay eligible for the total $7,500 federal tax credit score going ahead.