Ford F-150 Lightning truck manufactured on the Rouge Electrical Car Middle in Dearborn, Michigan.
credit score: Ford Motor Firm
DETROIT — Ford Motor stated Tuesday that it’s growing the beginning costs of its electrical F-150 Lightning pickup resulting from “important materials value will increase and different components.”
The Detroit automaker stated the worth improve — between $6,000 and $8,500 relying on the mannequin — is not going to have an effect on clients who’ve ordered the automobile and are awaiting supply. They’ll have an effect on an unknown variety of reservation holders who haven’t but ordered the truck.
Associated Funding Information
Beginning costs for the 2023 F-150 Lightning will now vary from roughly $47,000 to $97,000, up from roughly $40,000 to $92,000 for the 2022 mannequin yr. Costs don’t embrace taxes and transport/supply prices.
Ford is the most recent automaker to extend the costs of its newest electrical autos amid rising inflation and commodity costs. Normal Motors had beforehand raised the worth of its Hummer EV pickup by $6,250, whereas EV startups Rivian Automotive and Lucid raised the price of their autos considerably extra. Tesla has additionally elevated the worth of its autos this yr.
In accordance with a current report by consulting and analysis agency AlixPartners, uncooked materials prices for batteries for electrical autos have greater than doubled through the coronavirus pandemic.
Ford’s value rises forward of the automaker Thursday to reopen orders for the F-150 Lightning. The corporate introduced late final yr that it had closed orders for the automobile after receiving greater than 200,000 non-binding reservations for the truck.
It isn’t clear how lengthy clients must anticipate a brand new truck after inserting an order. Ford has bought solely 4,400 autos since deliveries started in Might. An organization spokesperson stated deliveries of recent orders are scheduled to start this fall.
Beginning this fall, Ford additionally stated on Tuesday that the electrical vary of the F-150 Lightning mannequin with the usual battery is predicted to extend from 10 miles to 240 miles. Vehicles with bigger batteries have a spread of as much as 320 miles.