Ford F-150 Lighting worth rises once more, now begins $12,100 greater than earlier yr

Ford is growing pricing on its F-150 Lightning electrical pickup truck for the second time.

In a press release to CNBC, Ford mentioned the 2023 F-150 Lightning Professional now begins at $53,769, together with a $1,795 vacation spot cost.

The Professional is the bottom grade geared toward fleet patrons, and was priced at simply $41,669 when the 2022 F-150 Lightning was launched in Could. Ford then elevated the value of Professional in August to $48,769 for the 2023 mannequin yr, whereas additionally growing vary from 230 to 240 miles, and including Professional Trailer Hitch Help know-how.

Ford cited rising materials prices and different elements for the August worth rise. In its assertion to CNBC, Ford mentioned the newest worth rise, now roughly 30% greater than the unique launch worth, was on account of ongoing provide chain constraints, in addition to rising materials prices and different elements.

Different grades had been additionally affected by the August worth rise, however Ford hasn’t mentioned if that was the case with its newest worth rise.

It is potential Ford could have underestimated demand for the F-150 Lightning and is now adjusting pricing.

Ford has delivered 8,760 models since deliveries began in June, and the the automaker mentioned the zero-emission truck is one in every of its fastest-turning automobiles on seller tons, requiring simply eight days.

Different automakers have costs on EVs in latest months. EV startups Lucid and Rivian have each elevated costs this yr, whereas Tesla has raised costs throughout its lineup a number of occasions this yr.