![]() As it happens, F-150 Lightning owners will be able to top up their vehicle's battery at more than 12,000 Tesla Superchargers across the US and Canada starting in early 2024. Tesla has cut prices of its EVs several times this year to help it increase delivery figures and make it more competitive in an increasingly crowded market. The price of the F-150 Lightning is dropping just after Tesla started production of the Cybertruck over the weekend. Folks who place an order for a XLT, Lariat or Platinum trim by July 31st will get a $1,000 bonus, while Ford notes that buyers will be eligible for as much as $7,500 in tax credits. The company hasn't been able to bring the F-150 Lightning back to its original starting price of $40,000 just yet, though these price cuts will be welcome news to those who have been on the fence about getting one. For the last few months, the F-150 Lightning Pro has cost around 50 percent more than its initial pricing. The company says there will be greater availability of the EV as early as October.įord increased the price of every trim last August and again for the base model in December and March due to supply issues and increased material costs. Its Rouge Electric Vehicle Center in Michigan is closed for now while it upgrades the facility in the aim of producing 150,000 F-150 Lightning trucks there each year. The automaker says upgraded plant capacity, its ongoing efforts in scaling cost and production and improved battery raw material costs are helping it to bring prices back down. Savings are more modest at the other end of the scale, with the company cutting just over $6,000 from the top-end Platinum Extended Range model's price. The base F-150 Lightning Pro is dropping by nearly $10,000 to $49,995. CNN Sans ™ & © 2016 Cable News Network.Ford is shaving up to $10,000 off the cost of an F-150 Lightning across all variants, bringing the electric truck somewhat closer to its initial pricing. 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. The most expensive Ford Lightning is the 2022 Ford F-150 Lightning Platinum. Next up the Ford electric truck ladder is the 2022 Ford F-150. 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. The most expensive Ford Lightning starts at nearly 100,000. 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. ![]() a collateral victim of this crazy price strategy. and the Platinum comes in at 89,874 or 82,374. Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck. 2022 Ford F-150 Lightning Full Pricing Information Revealed. ![]()
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