Ford’s F-150 Lightning electrical pickup was one of many few fashions to retain the total $7,500 US tax credit score for 2024, however plenty of that benefit is about to be negated. The worth of 2024 fashions is about to rise from $49,995 to $54,995 (excluding supply expenses and incentives), whereas the subsequent mannequin up, the XLT, goes up massively by $10,000 to $64,995, in accordance with a report from The Detroit Free Press seen by The Verge. The 2023 fashions will retain the identical pricing.
Consumers eyeing premium variations of the F-150 Lightning are in luck, nonetheless. The Platinum mannequin with a 300 mile EPA estimated vary is dropping from $91,995 to $84,995, whereas the worth for the Platinum Black (pictured above) is falling $5,000 to $92,995. A whole record of the adjustments is pictured under (excludes vacation spot cost):
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Professional (240 mile EPA-estimated vary): $5,000 enhance from $49,995 to $54,995
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XLT 311 A (240 mile EPA-estimated vary): $10,000 enhance from $54,995 to $64,995
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Flash (320 mile EPA-estimated vary): New “tech-forward” mannequin with 300 miles of vary for $73,495
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Lariat (320 mile EPA-estimated vary): $2,000 enhance from $77,495 to $79,495
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Platinum (300 mile EPA-estimated vary): $7,000 worth discount from $91,995 to $84,995
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Platinum Black (300 mile EPA-estimated vary): $5,000 worth discount from $97,995 to $92,995
Ford added a brand new mannequin name the F-150 Lightning Flash to the lineup (above), which incorporates “in-demand tech capabilities” like an extended-range battery with 320-miles of EPA-estimated vary, BlueCruise hands-free freeway driving and an ordinary 15.5-inch touchscreen.” Nonetheless, the automaker fully dropped two fashions from the lineup, specifically the 240-mile vary Lariat and 320-mile vary XLT 312. The 2024 fashions aren’t but obtainable on Ford’s web site.
Ford CEO Jim Farley lately stated that the corporate should reduce down on the variety of Lightning fashions to enhance high quality. On the identical time, the adjustments are designed to enhance “gross sales development, profitability and buyer entry to the IRA tax advantages,” a spokesperson instructed CNBC News. “The F-150 Lightning is America’s best-selling electrical pickup after a file fourth quarter, and demand continues to develop.”
Whereas Tesla bought a record number of EVs in 2023, gross sales of Ford’s electrical choices have been comparatively weak, representing a $3.1 billion loss for the corporate final yr. Ford was one of many few automakers that managed to retain the total $7,500 tax credit score for the F-150 Lightning, although, together with Tesla (throughout most of its vary) and Chevrolet’s Bolt EUV and EV.
This text initially 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
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