2023 Ford F-150 Lightning Pro surges $12,000 to nearly $54,000

Ford increased the base price for the 2023 Ford F-150 Lightning Pro electric pickup truck $5,000, the truckmaker disclosed this week. That’s the second price increase in as many months for the second year of the popular electric pickup. 

In August, Ford surged prices across the board. Base Lightning Pro models jumped from $41,669 to $48,769, including a $1,795 destination fee, while top Platinum grades with an extended-range battery increased $6,100 to $98,669. The latest increase applies only to the base Lightning Pro currently sold only to fleets that purchase at least five electric pickups and are certified by Ford as a fleet. The two price hikes represent a total increase of $12,100—nearly 30%—to a starting price of $53,769, including destination. 

Steep price increases have become commonplace for electric vehicles this year, with Rivian, Tesla, and Lucid bumping prices to cover material costs. Ford cited material costs and “other factors” in adjusting the Lightning’s MSRP when 2023 order books open on Thursday. Ford also noted that reservation holders who placed an order already but are still awaiting their trucks would not be affected by the price increases. 

It applies only to 2023 model trucks that haven’t been ordered yet. Nearly every automaker has increased prices across the model line for the 2023 model year due to chop shortages and inflationary pressure, but electric vehicles have seen the biggest sticker shock. Rivian announced a $12,000 price increase for reservation holders of the R1T pickup truck. On June 1, Lucid raised prices by $15,000 for its Air luxury sedan, and Tesla followed with at least its seventh price hike since 2020 across its EV lineup. 

The only automaker to buck the trend so far this year was Chevy, which slashed prices of the 2023 Chevrolet Bolt electric hatchback by nearly 20% to start at $26,595. 

The price increase on the base Lightning Pro comes with an increased range from 230 miles to 240 miles with the standard 98-kwh battery pack. The standard-range battery can be had on the XLT for $61,269 (an increase of $6,600), and the Lariat for $76,269 ($7,100 more). 

Models with the 131-kwh extended-range battery pack with a 320-mile range estimate also get a price increase. The XLT High jumps $8,500 to $80,974, the Lariat to $85,974, and the Platinum extended range tops the lineup with a $6,100 increase to $98,669. 

The 2023 F-150 Lightning can be equipped with Ford’s Pro Trailer Hitch Assist that controls steering, braking, and throttle while hitching up a trailer. The electric truck is on sale now.  

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