Ford’s F-150 Lightning electrical pickup was one of many few fashions to retain the complete $7,500 US tax credit score for 2024, however lots of that benefit is about to be negated. The worth of 2024 fashions is ready to rise from $49,995 to $54,995 (excluding supply fees and incentives), whereas the following mannequin up, the XLT, goes up massively by $10,000 to $64,995, in line 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. An entire record of the adjustments is pictured under (excludes vacation spot cost):
-
Professional (240 mile EPA-estimated vary): $5,000 improve from $49,995 to $54,995
-
XLT 311 A (240 mile EPA-estimated vary): $10,000 improve from $54,995 to $64,995
-
Flash (320 mile EPA-estimated vary): New “tech-forward” mannequin with 300 miles of vary for $73,495
-
Lariat (320 mile EPA-estimated vary): $2,000 improve from $77,495 to $79,495
-
Platinum (300 mile EPA-estimated vary): $7,000 value discount from $91,995 to $84,995
-
Platinum Black (300 mile EPA-estimated vary): $5,000 value 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 a normal 15.5-inch touchscreen.” Nevertheless, the automaker fully dropped two fashions from the lineup, particularly the 240-mile vary Lariat and 320-mile vary XLT 312. The 2024 fashions aren’t but accessible on Ford’s web site.
Ford CEO Jim Farley lately mentioned that the corporate should lower 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 Information. “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 file variety 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 complete $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