TechnologyFord is almost ready to take new F-150 Lightning...

Ford is almost ready to take new F-150 Lightning orders — with a $7,000 price hike


Nearly nine months after it stopped taking reservations, Ford is ready to reopen the order banks for the F-150 Lightning. But buyers beware: the price for the electric truck has gone up by around $7,000 across all trim levels.

Ford is citing “significant material cost increases and other factors” as the primary reason for raising the price. Indeed, the F-150 Lightning is only the latest electric vehicle to see its price go up as a result of supply chain constraints, inflation, and greater demand for batteries and other components.

Ford said it will honor the original manufacturer suggested retail price (MSRP) for all current reservation holders. But anyone plunking down the $100 deposit starting Thursday, when reservations reopen, will have to pay the newly adjusted price.

“Current order holders awaiting delivery are not impacted by these price adjustments,” Marin Gjaja, chief customer officer, Model E, said in a statement. “We’ve announced pricing ahead of re-opening order banks so our reservation holders can make an informed decision around ordering a Lightning.”

Here’s a breakdown of the new prices:

Pro old price: $39,974; new price: $46,974

XLT old price: $52,974; new price: $59,474

XLT High old price $62,474 (est.); new price: $68,474

XLT High / Extended Range old price: $73,974; new price: $80,974

Lariat old price: $67,074; new price: $74,474

Lariat Extended Range old price: $77,074; new price: $85,974

Platinum Extended Range old price: $92,669; new price: $96,874

Price increases suck, but Ford is trying to sweeten the pot by offering a few new features and a range boost. The automaker said it increased the EPA estimated range of its standard range battery back by 10 miles for a total of 250 miles. It’s also adding its Pro Trailer Hitch Assist technology, which pretty much automatically hooks up a trailer for you, as an added bonus.

And if you think that the $7,500 federal EV tax credit might help take some of the sting out of these price increases, think again. Under the deal constructed by Senate Democrats, the Ford F-150 Lightning would not be eligible for the tax credit until at least 40 percent of its components — including the battery — are made in North America or by a US trading partner.

Ford currently sources its batteries from CATL, a Chinese battery manufacturer — though it hopes to eventually build the battery packs in Georgia at a new facility it’s building in partnership with South Korea’s SK Innovation.



Original Source Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Find Out More Here – Hollywood Life

View gallery Emily Ratajkowski, 31, is no stranger to dating in the spotlight. The gorgeous model has gotten attention...

watch NASA test its planetary defense system

By Michael Grothaus 2 minute ReadWe’ve seen the scenario played out in films numerous times: an asteroid is...

FirstFT: UK bond market takes a pounding

Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa...

NASA’s DART Spacecraft Smashes Into an Asteroid—on Purpose

“This is the first time we’ve actually attempted to move something in our solar system with the intent...

FIRST LOOK: VA Hampton Roads Community Based Outpatient Clinic

To meet the needs of one of the fastest-growing veteran populations in the country, the U.S. Department of...

Must Read

New York Attorney General Sues Trump for Fraud

On Wednesday, New York State Attorney General Letitia...

Trump Was Committing Fraud While President

Trump fraud in New York ran until 2020,...
- Advertisement -

You might also likeRELATED
Recommended to you