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Ford introduced value reductions for its Ford F-150 Lightning electric pickup truck on Monday, due to enhancements in manufacturing effectivity and elevated manufacturing capability.
After briefly closing its Rouge Electrical Automobile Middle in Michigan earlier this yr for upgrades, Ford is bringing the plant again on-line. The ability’s elevated manufacturing capability, effectivity enhancements and the falling price of uncooked battery supplies have allowed the automaker to scale manufacturing of its F-150 Lighting electrical pickup to an estimated annual run of 150,000 vans — almost triple the earlier fee — and to cut back costs throughout all trims to a stage nearer to (however nonetheless larger than) the initial launch MSRP.
The entry-level 2023 Ford F-150 Lightning Pro work truck now begins at $51,990, together with the requisite $1,995 vacation spot and supply cost. That is a discount of $9,979 from the underside line earlier than considering any federal or state EV incentives or rebates. The F-150 is considered one of solely a handful of EVs eligible for the Inflation Reduction Act’s $7,500 tax credit, bringing the adjusted beginning value to round $44,490, all stated and carried out.
Ford estimates it is going to be in a position to ship as much as 150,000 Lightnings yearly as soon as manufacturing ramps up.
Working up the trim stage hierarchy, F-150 Lightning XLT and XLT Prolonged Vary packages are discounted from $8,479 to $9,479. Lariat and Lariat Prolonged Vary costs are lower by $6,979 and $8,479, respectively. And on the high of the lineup, the Platinum Prolonged vary now begins at $93,990, or $6,079 lower than earlier than. Ford can also be briefly providing an extra $1,000 off as a bonus to prospects who place an order for an XLT, Lariat or Platinum pickup by way of the top of July at Ford.com.
Up to date F-150 Lightning costs
| Trim stage | Earlier value w/ vacation spot | Up to date value w/ vacation spot | Discount |
|---|---|---|---|
| F-150 Lightning Professional | $61,969 | $51,990 | $9,979 |
| F-150 Lightning XLT 311A | $66,469 | $56,990 | $9,479 |
| F-150 Lightning XLT 312A | $70,469 | $61,990 | $8,479 |
| F-150 Lightning XLT 312A Prolonged Vary | $80,869 | $71,990 | $8,879 |
| F-150 Lightning Lariat 510A | $78,969 | $71,990 | $6,979 |
| F-150 Lightning Lariat Prolonged Vary | $87,969 | $79,490 | $8,479 |
| F-150 Lightning Platinum Prolonged Vary | $100,069 | $93,990 | $6,079 |
The cheaper price, elevated availability and Ford’s recently announced partnership with Tesla to grant entry from early subsequent yr to greater than 12,000 Supercharger quick charging stations through an adapter, places the F-150 Lightning — our high choose for the best electric truck — in a stronger place and helps batten down the hatches in preparation for a wave of latest opponents, together with the Chevrolet Silverado EV, the GMC Sierra EV, Ram’s 1500 REV and Tesla’s Cybertruck within the coming months.
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