In this configuration, the battery-powered truck has up to 240 miles of driving range and can tow up to 5,000 pounds. Power for the base F-150 Lightning Pro comes from a pair of electric motors (one per axle) that draw electricity from a 98-kilowatt-hour lithium-ion battery pack to zap the four wheels with 462 horsepower and 775 pound-feet of torque. And there are no major drivetrain modifications to report. We're still pretty far from the $40,000 base price Ford floated in 2021.įord hasn't made any significant equipment changes to the Lightning, so the lower prices aren't hiding a shorter list of standard features. While any price drop is noteworthy in an era where price hikes have become the status quo, it's important to point out that the drop follows several significant price increases announced over the past couple of months. Note that these figures include a mandatory (and rather hefty) $1,995 destination charge and exclude any and all available incentives. Platinum: $93,990 ($6,079 less than the previous price).Lariat Extended Range: $79,490 ($8,479 less than the previous price).Lariat: $71,990 ($6,979 less than the previous price).XLT Extended Range: $71,990 ($8,879 less than the previous price).Updating pricing for the full F-150 Lightning range is as follows: Lightning buyers still have four trim levels called Pro, XLT, Lariat, and Platinum, respectively, to choose from, and the middle two models remain available with two battery options (standard- and extended-range). Citing factors such as increased plant capacity, efforts to scale up production to reap the rewards of economies of scale, and cheaper raw materials, the Blue Oval slashed the truck's base price across the entire line-up. The electric Ford F-150 Lighting just got a lot cheaper. CNN Sans ™ & © 2016 Cable News Network.Ford F-150 Lightning gets significant price cut across the full range The base truck costs $10,000 less Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Customers can expect these cheaper cars to become available as early as October. These models are also eligible for a tax credit of up to $7,500 under the 2022 Inflation Reduction Act, according to Ford. “We’ve continued to work in the background to improve accessibility and affordability to help to lower prices for our customers and shorten the wait times for their new F-150 Lightning,” said Marin Gjaja, chief customer officer of Ford Model e, the part of the company that focuses on electric vehicles, in a statement. Prices for all models are down by an average of about $8,000.įord said the cuts are due to “increased plant capacity, continued work on scaling production and cost, and improving battery raw material costs.” The company added that one of its vehicle assembly plants in Michigan is undergoing final upgrades to triple its output starting this fall. The Platinum Extended Range, its most expensive model, is down more than $6,000 to about $92,000. īut automotive research company Kelley Blue Book estimates that new EV prices peaked last year and have been slowly but consistently decreasing since late 2022, thanks in part to federal tax incentives and declining lithium prices.įord is slashing the cost of the base model, the Pro, by some $10,000, down to just under $50,000 but still above the initial $40,000 price tag. (TSLA) has also had to increase prices for a number of its models. Since the F-150 Lightning’s release in mid-2021, the auto manufacturer has raised prices several times, citing in part “significant material cost increases” for key electric vehicle battery components like lithium, cobalt, and nickel. Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck.
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