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Ford has raised the price of the electric F-150 Lightning for the fourth time – for a total hike of 50 per cent – in nine months.
Ford has increased the price of its 2023 Ford F-150 Lightning electric pick-up again in the United States – making it 50 per cent more expensive than it was nine months ago.
As reported by Carscoops, one year on from its initial launch in the United States, Ford has upped the price of the entry-level F-150 Lightning Pro pick-up from $US39,974 ($AU60,000) to $US59,974 ($AU90,000).
In terms of percentages, this is a sizeable 50 per cent jump in just one year. The first price rise was applied in August 2022, followed by hikes in October and December.
It’s not just the entry-level variant that has been affected by major price hikes, but it is the most affected.
The F-150 Lightning range is comprised of four variants in the US: the workhorse Pro, mid-grade XLT, high-specification Lariat, and range-topping Platinum.
The latest price rise has applied a $US4000 ($AU6000) increase to the Pro model, $US1500 ($AU2200) to the Lariat, $US1200 ($AU1800) to the Platinum, and no increase for the XLT.
According to statements provided to US media, Ford has attributed the price rises to a combination of increased material costs and parts supply constraints.
Even with the latest price rises, the F-150 Lightning electric pick-up is sold out, according to Automotive News.
As part of the Drive content team, Tom covers automotive news, car reviews, advice, and holds a special interest in long-form feature stories.
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