Ford Motor is hiking the price of its electric F-150 Lightning pickup over “significant material cost increases and other factors,” which are currently facing the auto industry amid soaring inflation, the vehicle maker announced on Aug. 8.
The company confirmed the price hike while announcing that it is reopening orders for the popular vehicle this Thursday.
“We’ve announced pricing ahead of reopening order banks so our reservation holders can make an informed decision around ordering a Lightning,” said Marin Gjaja, chief customer officer of Ford’s new Model e division that oversees electric vehicles.
Ford said the starting prices for the 2023 F-150 Lightning will now range from about $47,000 to $97,000, up between $6,000 and $8,500, depending on the model. The 2022 model ranged from between $40,000 to $92,000….