Almost 9 months after it stopped taking reservations, Ford is able to reopen the order banks for the F-150 Lightning. However consumers beware: the worth for the electrical truck has gone up by round $7,000 throughout all trim ranges.
Ford is citing “vital materials value will increase and different components” as the first purpose for elevating the worth. Certainly, the F-150 Lightning is barely the most recent electrical car to see its worth go up because of provide chain constraints, inflation, and larger demand for batteries and different parts.
Ford mentioned it can honor the unique producer prompt retail worth (MSRP) for all present reservation holders. However anybody plunking down the $100 deposit beginning Thursday, when reservations reopen, must pay the newly adjusted worth.
“Present order holders awaiting supply are usually not impacted by these worth changes,” Marin Gjaja, chief buyer officer, Mannequin E, mentioned in a press release. “We’ve introduced pricing forward of re-opening order banks so our reservation holders could make an knowledgeable determination round ordering a Lightning.”
Right here’s a breakdown of the brand new costs:
Professional previous worth: $39,974; new worth: $46,974
XLT previous worth: $52,974; new worth: $59,474
XLT Excessive previous worth $62,474 (est.); new worth: $68,474
XLT Excessive / Prolonged Vary previous worth: $73,974; new worth: $80,974
Lariat previous worth: $67,074; new worth: $74,474
Lariat Prolonged Vary previous worth: $77,074; new worth: $85,974
Platinum Prolonged Vary previous worth: $92,669; new worth: $96,874
Worth will increase suck, however Ford is making an attempt to sweeten the pot by providing a couple of new options and a variety enhance. The automaker mentioned it elevated the EPA estimated vary of its normal vary battery again by 10 miles for a complete of 250 miles. It’s additionally including its Professional Trailer Hitch Help expertise, which just about mechanically hooks up a trailer for you, as an added bonus.
And for those who assume that the $7,500 federal EV tax credit score may assist take a few of the sting out of those worth will increase, assume once more. Below the deal constructed by Senate Democrats, the Ford F-150 Lightning wouldn’t be eligible for the tax credit score till at the least 40 % of its parts — together with the battery — are made in North America or by a US buying and selling associate.
Ford at present sources its batteries from CATL, a Chinese language battery producer — although it hopes to ultimately construct the battery packs in Georgia at a brand new facility it’s constructing in partnership with South Korea’s SK Innovation.