Ford F-150 Lightning costs $51,990 after $9,979 price cut

Ford just brought the F-150 Lightning a lot closer to the originally promised starting price.

On Monday, Ford lowered the F-150 Lightning lineup’s price with base Pro models now costing $51,990, including a $1,995 destination charge. The pricing adjustment marks the first decrease after four price hikes and lowers the entry price of the Pro model by $9,979.

While the electric truck’s price has been cut, the mandatory destination charge has increased by $100.

Ford Model E spokesperson Marty Günsberg told Green Car Reports any Lightning currently on order, scheduled for production, or scheduled for delivery will effective today receive the price cut.

The base Lightning Pro model is sold out for retail customers for the 2023 model year, according to Günsberg.

XLT models received a $9,479 price drop and now cost $56,990 with the Standard Range battery. Opting for the larger Extended Range battery pack adds $15,000.

Lariat models received a $6,979 price cut and now cost $71,990 for Standard Range trucks while Extended Range Lariats now cost $79,490.

High-zoot Platinum Extended Range models received a $6,079 price cut and cost $93,990.

Ford Model E Chief Customer Officer Marin Gjaja noted that the four Lighting price increases were due to rising material cost and supply chain constraints. Ford said the Lightning’s Rouge Plant, which will have an annual targeted production run rate of 150,000 units after recent upgrades, along with improved battery raw material costs and scaling production led to these price cuts.

In April, Ford said the F-150 Lightning should remain eligible for the full $7,500 federal tax credit going forward.

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