Ford F-150 Lightning electric pickup truck prices rise again, up 50% in nine months

Ford has increased the price of the electric F-150 Lightning for the fourth time, for a total increase of 50 percent, in nine months.

Ford has increased the price of 2023 Ford F-150 Lightning Electric Pickup again in the United States, making it 50 percent more expensive than nine months ago.

As reported by carcoopsone year after its initial release in the United States, Ford entry level price has risen F-150 Lightning Professional pick-up service from USD 39,974 (AU 60,000) to USD 59,974 (AU 90,000).

In terms of percentages, this is a considerable jump of 50 percent in just one year. The first price increase was applied in August 2022, followed by increases in October and December.

It’s not just the entry-level variant that has been hit by the big price hikes, but it’s the most affected.

The F-150 Lightning lineup is made up of four variants in the US: the Pro workhorse, mid-grade XLT, top-spec Lariat, and top-end Platinum.

The latest price increase applied an increase of $4,000 ($AU$6,000) to the Pro model, $1,500 ($AU$2,200) to the Lariat, $1,200 ($AU$1,800) to the Platinum, and no increase for the XLT.

According to statements provided to the US media, Ford has attributed the price increases to a combination of higher material costs and restrictions on the supply of parts.

Even With Recent Price Hikes, The F-150 Lightning Electric Pickup Is Sold Out, According To automotive news.

FURTHER:Find used Ford cars for sale
FURTHER:Find used Ford cars for sale

Tom got his start in the auto industry exploiting his photography skills, but soon learned that journalists get the best part of the deal. He started with CarAdvice in 2014, left in 2017 to join Bauer Media titles including Wheels and WhichCar, and subsequently returned to CarAdvice in early 2021 during his transition to Drive. As part of the Drive content team, Tom covers automotive news, car reviews, tips, and has a special interest in long-form reporting. He understands that every car buyer is unique and has different requirements when it comes to buying a new car, but equally, there’s also a loyal subset of the Drive audience who loves enthusiast entertainment content. Tom has a deep respect for all things automotive no matter the model, and takes pride in noticing the subtle things that make each car tick. He doesn’t go a day without him learning something new in an ever-changing industry, which is then imparted to Drive’s reader base.

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