Ford will be raising the price of the F-150 Lightning by nearly $4,000, giving the lauded electric pickup a new starting price of $56,000. This is a far cry from its original 2021 price of $41,669.
Today, Ford told CNBC that they’re changing pricing “as a normal course of business due to rising material costs, market factors, and ongoing supply chain constraints.” Alongside rising EV demand, prices are high because the raw-material costs for nickel, cobalt, and lithium — critical rare-Earth metals needed for electric car batteries — have soared.
Despite being constrained by supply, Ford’s F-150 Lightning has still proven to be a hot commodity. With the plan to triple production to 150,000 units by next fall, the company is on track to meet their goals. Recently, they’ve added a third shift of workers at a Michigan production plant in order to help reach those targets.
Lagging only behind Tesla, Ford has become the second-biggest seller of electric vehicles in America. With competitors still scrambling to release their own models, it shouldn’t come as a surprise that the F-150 Lightning is “currently” the best-selling electric truck in the US.Â