The starting price of the Ford F-150 Lightning has gone up. The electric pickup truck now starts at $56,000, which is an increase of more than $15,000 from its initial price.
Many were taken aback when Ford announced the starting price of the F-150 Lightning. It seems like the goal is to compete with the Cybertruck base price that Tesla announced a few years ago.
However, the price was not around for long.
All of Ford's models now cost $8,000, up from $6,000 in August.
However, Ford increased the base price of the F-150 Lightning to $52,000 this time just a few months ago, in October.
Now Ford has decided once more to raise the F-150 Lightning's starting price. According to an update to its online configurator, it now starts at $55,974.
Since the introduction of the electric pickup truck, the base price of the Ford F-150 Lightning has increased by $16,000, or forty percent.
It is interesting to note that this update has not resulted in an increase in the prices of the other F-150 Lightning models. The XLT, which starts at $81,000, is still the cheapest Lightning with the longer-range extended battery pack.
The cost increment to the base rendition comes as the automaker is supposed to essentially increase creation of the electric pickup truck in the new year.
We discussed Ford's decision to add a third shift to its Detroit assembly plant earlier this week, where the F-150 Lightning electric pickup truck is manufactured.
Ford has sold 13,258 Lightning pickups so far this year, which is less than we anticipated in 2022, but the first year of production is always challenging.
The Lightning should have a much better year in 2023. Ford has said that it will make 150,000 electric pickup trucks this year.