Get Your Dream Truck for Less: Ford F-150 Lightning Price Reduced by $10,000!
Ford has announced significant price cuts for its electric 2023 Ford F-150 Lightning lineup, making the popular truck more accessible to consumers. The price reductions are attributed to increased production capacity, economies of scale, and cheaper raw materials. All four trim levels—Pro, XLT, Lariat, and Platinum—have seen a reduction in their base prices.
Here is the updated pricing for the complete F-150 Lightning range:
|Trim||Updated Price||Previous Price|
|XLT Extended Range||$71,990||$80,869|
|Lariat Extended Range||$79,490||$87,969|
Please note that these prices include a mandatory destination charge of $1,995 but do not incorporate any available incentives. While these reductions are noteworthy in a market where prices often rise, they follow several recent price increases. It's important to mention that these updated prices are still above the $40,000 base price initially proposed by Ford in 2021.
Despite the price cuts, Ford has not compromised on features or made any major changes to the F-150 Lightning's equipment or drivetrain. The base model, the F-150 Lightning Pro, is equipped with dual electric motors, drawing power from a 98-kilowatt-hour lithium-ion battery pack. This setup delivers 462 horsepower, 775 pound-feet of torque, a driving range of up to 240 miles, and a towing capacity of 5,000 pounds.
For the XLT and Lariat models, customers have the option to upgrade to the extended-range battery pack, which has a capacity of 131 kilowatt-hours. This choice increases the horsepower to 580, while maintaining the torque. The extended-range battery offers an improved driving range of 320 miles and enhances the towing capacity to 7,700 pounds.
Ford has confirmed that the reduced prices are effective as of July 17, 2023, for the 2023 Ford F-150 Lightning models. The company has not yet announced pricing details for the 2024 model. Additionally, customers may be eligible for a $1,000 bonus during a sales event ending on July 31.
With these price cuts, Ford aims to make the electric F-150 Lightning an even more enticing option for truck buyers, providing affordability without compromising on performance and features.
Ford is gearing up for another update for its F-150 Lightning and other vehicles. The update will require the use of the NACS port for charging and accessing Tesla Superchargers.
2023 Ford F-150 Lightning: What You Need to Know