Ford F-150 Lightning price cut brings base sticker to $51,990

On Monday, Ford dropped the F-150 Lightning electric truck’s starting price to $51,990, including a mandatory $1,995 destination charge.

The price cut represents a $9,979 drop after four price increases since the truck was introduced in April 2022, but still leaves the truck $10,321 more expensive than originally promised.

Base Pro trucks are sold out for the 2023 model year for retail customers and are only available with the Standard-Range battery pack with 240 miles of range. Ford spokesperson Martin Günsberg told The Car Connection that Pro models are still available to order by fleet customers.

Mainstream XLT and Lariat models receive $9,479 and $6,979 price cuts respectively, with XLT models now costing $56,990 and Lariats starting from $71,990. Both trucks feature the Standard-Range battery as standard and the Extended-Range battery as available. Opting for the larger Extended-Range battery, which ups EPA-estimated range to 320 miles, costs $15,000 on XLT trucks and $8,000 on Lariats.

High-zoot F-150 Lightning Platinums only come equipped with the larger Extended-Range battery and now cost $93,990, which represents a $6,079 price cut. 

Every Lightning’s mandatory destination charge increased $100 with the price cut.

Günsberg told The Car Connection any F-150 Lightning currently on order, scheduled for production, or scheduled for delivery will immediately receive today’s price cut.

Ford Model E Chief Consumer Officer Marin Gjaja noted the F-150 Lightning’s four price increases were due to rising material cost and supply chain constraints. Today’s price cut is due to recent plant upgrades that will see a targeted annual production run rate of 150,000 trucks, plus improvements in raw material costs, according to Ford.