When will Ford stop raising prices of the F-150 Lightning? At the rate things are going, the electric pickup truck will likely cost even more before we find out. Since the F-150 EV debuted for the 2022 model year, its base MSRP has risen by about $20K (from $41,769 to now $61,869).
While there were several step increases in between then and now, it’s an eye-opening difference nonetheless, especially given it all happened after one model year. Since August 2022, Ford has now increased Lightning prices no less than four times, with the latest bump first reported by Automotive News. The starting price of the base-level Pro has risen by $4000, from to $57,869 to $61,869.
The other three 2023 F-150 Lightning models cost more too, albeit by smaller margins. The XLT with the standard-range battery only costs an extra $175, whereas the base MSRP of the Lariat and Platinum jump by $1500 and $1200, respectively.
Ford claims the continued price increases are the result of “current material costs, market factors, and supply chain constraints”, according to AN. Although Ford has yet to respond to Car and Driver’s request for comment, the company has confirmed similar reasons for past Lightning price increases.
Earlier this month—following a weekslong stoppage due to a battery issue that’s since been fixed—Ford announced plans to triple the amount of F-150 Lightnings it builds this year. Of course, that begs the question, how many more times might the company raise the truck’s price in 2023? Watch this space to find out.
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Eric Stafford’s automobile addiction began before he could walk, and it has fueled his passion to write news, reviews, and more for Car and Driver since 2016. His aspiration growing up was to become a millionaire with a Jay Leno–like car collection. Apparently, getting rich is harder than social-media influencers make it seem, so he avoided financial success entirely to become an automotive journalist and drive new cars for a living. After earning a degree at Central Michigan University and working at a daily newspaper, the years of basically burning money on failed project cars and lemon-flavored jalopies finally paid off when Car and Driver hired him. His garage currently includes a 2010 Acura RDX, a manual ’97 Chevy Camaro Z/28, and a ’90 Honda CRX Si.