Ford increasing price of electric F-150 Lightning

Ford F-150 Lightning vans manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan.

Courtesy: Ford Motor Co.

DETROIT – Ford Motor on Tuesday claimed it is growing the starting off prices of its electric powered F-150 Lightning pickup because of to “considerable substance price tag boosts and other aspects.”

The Detroit automaker claimed the rate will increase – concerning $6,000 and $8,500, based on the design – will not impression prospects who have requested a auto and are awaiting supply. They will impact an undisclosed number of reservation holders who have not still ordered a truck.

The starting price ranges for the 2023 F-150 Lightning will now array from about $47,000 to $97,000, up from about $40,000 to $92,000 for the 2022 model year. Prices exclude taxes and shipping and delivery/shipping fees.

Ford is the most recent automaker to improve pricing of their most recent electric powered motor vehicles amid mounting inflation and commodity charges. Common Motors formerly raised the price of its Hummer EV pickup by $6,250, though EV startups Rivian Automotive and Lucid greater the expenditures of their autos substantially extra than that. Tesla also has lifted pricing this 12 months on its cars.

Uncooked substance costs for batteries for electric powered vehicles much more than doubled all through the coronavirus pandemic, in accordance to a the latest report by consulting and study company AlixPartners.

Ford’s pricing increases come ahead of the automaker on Thursday reopening purchasing for the F-150 Lightning. The company late final 12 months introduced it had closed orders for the car immediately after acquiring more than 200,000 nonbinding reservations for the truck.

It can be unclear how long shoppers will have to wait for a new truck immediately after they position an get. Ford has only offered about 4,400 cars given that starting deliveries in May perhaps. A spokeswoman for the company stated deliveries of new orders are scheduled to start off this fall.

Starting up this fall, Ford on Tuesday also reported the electrical array of F-150 Lightning designs with a common battery is expected to maximize by 10 miles to 240 miles. Trucks with a more substantial battery have a variety of up to 320 miles.