Ford announced price cuts for its Ford F-150 Lightning electric pickup on Monday, thanks to improvements in manufacturing efficiency and increased production capacity.
After temporarily shutting down its Rouge Electric Vehicle Center in Michigan earlier this year for upgrades, Ford is bringing the plant back online. The facility’s increased production capacity, efficiency improvements and the falling cost of battery raw materials have allowed the automaker to expand production of its F-150 Lighting electric pickup truck to an estimated annual run of 150,000 trucks — nearly triple the previous pace — and to reduce prices on all versions to a level closer to (but still higher than) the original launch MSRP.
The base 2023 Ford F-150 Lightning Pro work truck now starts at $51,990, including the required $1,995 destination and delivery fee. That’s a $9,979 reduction off the bottom line before any federal or state EV incentives or rebates are taken into account. The F-150 is one of the few EVs eligible for a $7,500 tax credit under the Inflation Reduction Act, which brings the adjusted starting price to about $44,490, all said and done.
Ford estimates it will be able to deliver up to 150,000 Lightnings a year once production ramps up.
Working down the trim level hierarchy, the F-150 Lightning XLT and XLT Extended Range packages are down from $8,479 to $9,479. Prices on the Lariat and Lariat Extended Range have been reduced by $6,979 and $8,479, respectively. And at the top of the range, the Platinum Extended range now starts at $93,990, or $6,079 less than before. Ford is also temporarily offering an additional $1,000 rebate as a bonus to customers who place an order for an XLT, Lariat or Platinum pickup truck by the end of July on Ford.com.
Updated F-150 Lightning pricing
| Trim level | Previous price with destination | Updated price with destination | Reduction |
|---|---|---|---|
| F-150 Lightning Pro | $61,969 | $51,990 | $9,979 |
| F-150 Lightning XLT 311A | $66,469 | $56,990 | $9,479 |
| F-150 Lightning XLT 312A | $70,469 | $61,990 | $8,479 |
| F-150 Lightning XLT 312A Extended Range | $80,869 | $71,990 | $8,879 |
| F-150 Lightning Lariat 510A | $78,969 | $71,990 | $6,979 |
| F-150 Lightning Lariat with extended range | $87,969 | $79,490 | $8,479 |
| F-150 Lightning Platinum with extended range | $100,069 | $93,990 | 6079 dollars |
The lower price, increased availability and Ford’s recently announced partnership with Tesla to provide access starting early next year to more than 12,000 Supercharger stations via an adapter make the F-150 Lightning — our top pick for best electric truck — in a stronger position and helping to downsize the hatches in preparation for a wave of new competitors, including the Chevrolet Silverado EV, GMC Sierra EV, Ram’s 1500 REV and Tesla’s Cybertruck in the coming months.
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