Ford's F-150 Lightning electric pickup truck was one of the few models in retain the full $7,500 tax credit by 2024, but much of that advantage is about to be wiped out. The price of the 2024 models is expected to increase from $49,995 to $54,995 (excluding destination charges and incentives), while the next model, the The Detroit Free Press seen by The edge. The 2023 models will maintain the same price.
However, buyers who are interested in premium versions of the F-150 Lightning are in luck. The Platinum model with an EPA-estimated range of 300 miles is dropping from $91,995 to $84,995, while the price of the Platinum Black (pictured above) is dropping from $5,000 to $92,995. Below is a complete list of changes (excludes destination charge):
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Pro (EPA estimated range 240 miles): $5,000 increase from $49,995 to $54,995
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XLT 311 A (EPA estimated range 240 miles): $10,000 increase from $54,995 to $64,995
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Flash (EPA estimated range 320 miles): New “high-tech” model with 300 miles of range for $73,495
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Lariat (EPA estimated range 320 miles): $2,000 increase from $77,495 to $79,495
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Platinum (EPA estimated range 300 miles): $7,000 price reduction from $91,995 to $84,995
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Platinum Black (EPA estimated range 300 miles): $5,000 price reduction from $97,995 to $92,995
Ford added a new model called the F-150 Lightning Flash to the lineup (above), which includes “on-demand technology capabilities” such as an extended-range battery with 320 miles of EPA-estimated range, BlueCruise hands-free highway driving . and a standard 15.5-inch touchscreen.” However, the automaker removed two models from the lineup entirely, namely the Lariat with a 240-mile range and the XLT 312 with a 320-mile range. The 2024 models are not yet available on Ford's website.
Ford CEO Jim Farley recently said the company needs to reduce the number of Lightning models to improve quality. At the same time, the changes are designed to improve “sales growth, profitability and clients' access to IRA tax benefits,” a spokesperson said. CNBC News. “The F-150 Lightning is America's best-selling electric truck after a record fourth quarter, and demand continues to grow.”
While Tesla sold a record number of electric vehicles in 2023, sales of Ford's electric offering have been relatively weak, accounting for a $3.1 billion loss for the company last year. However, Ford was one of the few automakers that managed to retain the full $7,500 tax credit for the F-150 Lightning, along with Tesla (across most of its lineup) and Chevrolet's Bolt EUV and EV.
This article originally appeared on Engadget at https://www.engadget.com/ford-is-raising-the-price-of-its-entry-level-f-150-lightning-by-5000-123521105.html?src =rss
