One of the best electric pickup trucks in the market and its category, the Ford F-150 Lightning EV, is seeing a significant price drop, with as much as $9,799, depending on the variant. The Dearborn-based automaker announced that these new prices are because of the upcoming availability of its new plant, as well as efficiency improvements on the EV.
Ford's F-150 Lightning is one of the most significant EV releases of the company and has fared well over the past year, with many customers giving good reviews and high regard despite its electric capabilities.
Ford F-150 Lightning EV: Price Drop and EV Tax Credits Up for Grabs
(Photo : JEFF KOWALSKY/AFP via Getty Images)
Ford announced in its latest news release that the F-150 Lightning trims are getting significant price drops, courtesy of the company's recent milestone achieved. The company recently closed down its Rouge Electric Vehicle Center in Michigan for final plant upgrades and would be resuming operations this fall season, enabling better development of its EVs.
Alongside this, Ford is reducing the price of its F-150 Lightning EVs to as much as $9,799, depending on the variant, effective immediately. Alongside this reduction is the eligibility of users to avail of the full EV tax credit amounting to $7,500.
Its new price are as follows:
- Pro - $49,995 ($9,799 reduction)
- XLT 311A - $54,995 ($9,479 reduction)
- XLT 312A - $59,995 ($8,479 reduction)
- XLT 312A Extended Range - $69,995 ($8,879 reduction)
- Lariat 501A - $69,995 ($6,979 reduction)
- Lariat Extended Range - $77,495 ($8,479 reduction)
- Platinum Extended Range - $91,995 ($6,079 reduction)
Read Also: Ford to Bring AM Radio to 2024 Models, Reversing Initial Decision-Is It Because of Congress?
Ford's New Plant is Coming, More F-150 Lightnings Too
According to CNET, Ford's temporarily closed-down plant is coming back online and this would help in expediting the production process and apply the improvements to the F-150 Lightning EVs. Apart from the price reduction, Ford is also looking to deliver as many as 150,000 units of the electric pickup for its availability to the public.
Ford's F-150 Lightning EV
Ford has a massive target for its famed electric pickup trucks, and it is to create as many as 600,000 units this 2023 and produce as many as 2 million units in 2026. The significant numbers only show how much the demand is for the new electric pickup from the company, known for its many features and capabilities that take clean energy trucks to the next level.
Another notable thing about the Ford F-150 Lightning is its capability to work as a power generator for different needs, for example, powering a house whenever there is a power outage. The company partnered with various companies to make it happen, one with PG&E for acting as a power generator, or with Lenz in charging other EVs that hook up to it.
With Ford stepping up into the world of clean energy with its F-150 Lightning, as well as the Mustang Mach-E and other hybrids on their list, the company has a lot of promises for the future of EVs. This recent price drop is a significant advancement for Ford to offer its EVs to customers better, more affordable for all, and among the few of those who are eligible for full EV tax credits.
Related Article: Ford Announces Partnership with Tesla, Gaining Access to 12,000 Superchargers
