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Ford will enhance the worth of its all-electric F-150 Lightning truck by as a lot as $8,500 for the 2023 mannequin 12 months, the automaker introduced on Tuesday. The value hike impacts all trim ranges by at the least $6,000 in comparison with equally outfitted 2022 fashions. Because of this, the bottom value of the Lightning Professional work truck, essentially the most reasonably priced model, rises from $41,769 to $48,769 together with vacation spot charges.
Ford is elevating the worth of each Lightning mannequin, starting with the Professional and persevering with with the standard-range XLT ($61,269), XLT Excessive ($70,269) and Lariat ($76,269). Ford says the 2023 variations of those vans ought to carry an EPA-estimated vary of round 240 miles, in comparison with the 230-mile EPA estimate from final 12 months.
The value of extended-range variants additionally will increase, affecting the XLT Excessive ($82,769), Lariat ($87,769) and Platinum ($98,669) trims. Estimated vary for these fashions ought to keep the identical, at 320 miles.
Although the F-150 Lightning is fairly expensive, it is nonetheless a discount in comparison with different electrical pickups. For instance, the Rivian R1T — our Edmunds Top Rated Editors’ Choice Award winner for 2022 — is priced from $79,500 after a price increase of its own earlier this year. And the GMC Hummer EV provides a brand new lower-priced trim this fall, however it nonetheless begins above $100,000.
Ford pointed to “vital materials value will increase and different components” as the explanation for the worth hikes. Different automakers have just lately raised costs for their very own electrical automobiles based mostly on the identical rationale.
Earlier this summer season Tesla introduced price increases across its model range of up to $6,000 per automobile. In the meantime, Common Motors raised the price of its GMC Hummer EV by $6,250 transferring ahead. And the F-150 Lightning is not the one Ford mannequin to really feel the sting — all year long, Ford has closed order books for quite a few its most widespread automobiles because it navigates provide shortages.
The F-150 Lightning felt like a steal in the low $40,000s. Now, at practically $50,000 for a bare-bones work truck and $100,000 for high trims, it is much less interesting. The value vary continues to be extra attainable than the Rivian R1T or GMC Hummer EV, however we’re keen to place a Lightning by our testing course of to find out its true real-world worth.