In typical Ford fashion, The company has been selling trucks like hotcakes this year, In particular, their all-electric F-150 Lightning, which began production in April, quickly sold out of all of its 2022 trims thereafter. Now, the 2023 order book creaks open with some minor updates, that include better standard range, new colors, and a price hike of about $7,000 across all trims. That’s about as much as a federal tax credit, meaning that this price hike offsets any savings that a customer might see compared to before.
For 2023, the Ford F-150 Lightning gets a better standard range battery capable of an EPA estimated range of 240 miles (10-miles more than last years 230 miles), as well as the addition of Pro Trailer Hitch Assist technology and two new colors; Avalanche Gray and Azure Gray metallic tri-coat. Atlas Blue, Ice Blue Silver and Smoked Quartz Metallic will not be available for the 2023 model year. Pricing for the 2023 Ford F-150 Lightning is detailed below. These numbers do not include destination, tax or other fees.
|XLT W/ High Package||$62,474||$68,474|
|XLT High W/Extended Range||$73,974||$80,974|
|Lariat Extended Range||$77,074||$85,974|
|Platinum Extended Range||$92,669||$96,874|
To clarify, Ford has gone on to say that current order holders awaiting delivery of an F-150 Lightning are not impacted by these price adjustments. Ford also claims that the price hikes are due in large part to the significant cost of materials. However, the tax incentive which carved out $7,500 for the purchase of an all-electric vehicle, is in jeopardy now as well given the 2022 Inflation Reduction Act that will mandate auto manufacturers to harvest 40% of its vehicle materials from North America in order to be eligible for it. Perhaps the addition of the Blue Oval City in Tennessee, as well as the company’s battery plant being built in Georgia will help meet this quota.