Ford Raises Price of Entry-Level F-150 Lightning

Lyle Ellerbee

If you had been pondering you may help you save a couple of bucks and get the Ford F-150 Lightning Pro rather of the Platinum, you’re however suitable just fewer so. The automaker is increasing the price tag on its entry-degree electrical pickup.

2022 F-150 Lightning Pro driving
The F-150 Lightning Pro acquired a value hike, having it about the $50K mark.

Ford is climbing the selling price of the Lightning Pro by 11%, going it from $46,974 to $51,974, according to a number of studies. Formerly, the F-150 Lightning began at $39,974. Price ranges do not contain destination charge, taxes, options or federal tax credits.

The company’s pointing to provide chain constraints and increasing expenses thanks to inflation as the causes for the jump. The move will come just months soon after it raised selling prices on the Lightning across the board. In August, Ford upped the price ranges by as a great deal as $7,000 dependent upon the trim stage.

Soaring expenses being passed to individuals

Ford is much from on your own when it arrives to rate hikes. 

Yesterday, CEO Elon Musk introduced the company’s lengthy-delayed Cybertruck, particularly the higher-efficiency, a few-motor model, will start out at $69,900, not $49,900 as previously introduced. It is unclear what cost the base design would fetch. The firm had promised a $39,900 starting cost, but that now seems doubtful. 

F-150 Lightning commercial truck
The Lightning Professional now commences at $51,974, up from $46,974.

The rising tariff will come as Tesla raised rates in March 5% to 10% on all its U.S. offerings, 1 7 days soon after the Design Y Long Assortment leapt 20% in cost and the Model 3 Lengthy Vary rose 10.6%. The corporation enhanced price ranges for the most reasonably priced variations of Product 3 and Model Y about a dozen instances last year. Tesla’s Musk cited significant rate hikes “for uncooked resources and logistics,” together with nickel, lithium, palladium, and platinum. 

Tesla’s most economical car, the Model 3, now commences at $48,440 in the U.S., like location and buy expenses, up 21.2% from $38,190 in February 2021.

Also in March, EV startup Rivian improved its R1T pickup’s price 18% to $79,500, though the company’s R1S SUV jumped 21% to $84,500. But as opposed to Tesla, Rivian released decrease-priced designs that used two motors somewhat than four, and fewer regular characteristics. This reduced the R1T’s starting up rate to $67,500, and the RTS to $72,500.

In May possibly, Lucid boosted costs of its Lucid Air sedan by as significantly as 12%. The Lucid Air commences at $87,500, up from $77,400. The Lucid Air Touring commences at $107,400, up from $95,000, and the Lucid Air Grand Touring fetches $154,000, up from $139,000, and a 9.7% soar.

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