Ford raises F-150 Lightning pick-up price as materials costs rise

Publish August 11, 2022

New York US carmaker Ford Motors is raising the price of its electric pick-up due to higher costs for materials.Ford said on Tuesday that it was raising the starting prices of its electric F-150 Lightning pickup as a result of “significant material cost increases and other factors.” The Detroit automaker said the price increases, expected between $6,000 and $8,500, depending on the model, will not impact customers who have ordered a vehicle and are awaiting its delivery. The price hike will affect an undisclosed number of reservation holders who are yet to order the vehicle.The starting prices for the 2023 F-150 Lightning will now range from about $47,000 to $97,000, up from the earlier $40,000 to $92,000 for the 2022 model year. The prices exclude taxes and shipping/delivery costs.Ford is the latest automaker to increase pricing of their newest electric vehicles amid rising inflation and commodity costs. General Motors recently raised the price of its Hummer EV pickup by $6,250, while EV start-ups Rivian Automotive and Lucid increased the costs of their vehicles significantly more.Ford’s pricing increases come ahead of the automaker on Thursday reopening ordering for the F-150 Lightning.The company had late last year announced the stopping of taking orders for the vehicle after receiving more than 200,000 nonbinding reservations for the truck.It’s unclear how long customers will have to wait for a new truck after they place an order. Ford has only sold about 4,400 vehicles since beginning deliveries in May. A spokeswoman for the company said deliveries of new orders are scheduled to begin this fall.Starting this fall, Ford on Tuesday also said the electric range of F-150 Lightning models with a standard battery is expected to increase by 10 miles to 240 miles. Trucks with a larger battery have a range of up to 320 miles.


Latest Stories

Industry Minister stresses need for continued communication with WTO

2022-08-08 04:00:00

SANA'A, Aug.07 (Saba) - The Minister of Industry and Trade, Mohammed Sharaf al-Mutahar, stressed Sunday the need for continued"...
Read More

Yemeni Airlines flight arrives in Sana'a Airport, another departs

2022-08-02 07:00:00

A Yemeni Airlines flight from Jordan's Queen Alia Airport arrived at Sana'a International Airport on Monday, carrying 274"...
Read More

First national festival for Yemeni honey launched in Sana'a

2022-07-01 10:00:00

SANA'A, June 30 (Saba) - The first national festival for Yemeni honey was launched on Thursday in the capital, Sana'a....
Read More

Al-Samei inaugurates Yemeni Coffee Festival for Shopping

2022-03-04 05:00:00

SANA'A, March 03 (Saba) - Member of the Supreme Political Counc Sultan Al-Samei on Thursday inaugurated the Yemeni coffee festival"...
Read More