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2023 Ford F-150 Lightning Details Revealed, Prices Increase Substantially

The all-electric 2022 Ford F-150 Lightning launched to much fanfare, leading to a slanted supply demand curve and an overwhelmed order bank for The Blue Oval. As such, FoMoCo cut off 2022 F-150 Lightning order banks just a few months after its launch, with many order holders now waiting for the 2023 model year to arrive. That changeover will bring about a few changes for the 2023 Ford F-150 Lightning, however, including substantial price increases.

Ford F-150 Lightning Price Changes
2023 Ford F-150 Lightning Price – August 9 2022 Ford F-150 Lightning Price – August 9 + / – August 9 Price
Pro $46,974 $39,974 +$7000
XLT $59,474 $52,974 +$6500
XLT High $68,474 $62,474 +$6000
XLT High Extended Range $80,974 $72,474 +$8500
Lariat $74,474 $67,474 +$7000
Lariat Extended Range $85,974 $77,474 +$8500
Platinum $96,874 $90,874 +$6000

Price increases for the 2023 Ford F-150 Lightning vary by trim level, with the range-topping Platinum and XLT High increasing by the least amount – $6,000 – while the XLT equipped with the extended range battery has gotten $8,500 more expensive. Perhaps the most notable jump here belongs to the entry-level, commercial-focused Pro, however, which is now $7,000 pricier, making its original, bargain-basement MSRP of $39,974 a distant memory.

2022 Ford F-150 Lightning

It is important to note that carryover 2022 model year order holders will not be impacted by these price adjustments. Lightning reservation holders who previously received an invitation to order, but who elected to extend their reservation because their vehicle specification was unavailable, will receive a private offer for use in upcoming waves. “Current order holders awaiting delivery are not impacted by these price adjustments,” said Marin Gjaja, chief customer officer, Model e. “We’ve announced pricing ahead of re-opening order banks so our reservation holders can make an informed decision around ordering a Lightning.” Ford notes that “significant material cost increases and other factors” are to blame for this significant jump in F-150 Lightning pricing.

Aside from these price changes, 2023 Ford F-150 Lightning models equipped with the standard range battery are getting a bit of a range boost – from 230 miles to 240 miles. The EV pickup is also getting a new feature dubbed Pro Trailer Hitch Assist, which automatically controls steering, throttle, and brake inputs to make hitching trailers easier. Pro Trailer Hitch Assist is standard on the Tow Technology Package, which is available on Pro, XLT, and Lariat trims, as well as standard on certain Lariat trims and the Platinum. A new, police-focused SSV variant is also available, while an Android-based infotainment system will debut in the 2023 Lightning as well.

2023 Ford F-150 Lightning order banks are now set to open this Thursday, August 11tha couple of days later than previously expected – with production beginning on October 10th, 2022.

We’ll have more on the 2023 Ford F-150 Lightning soon, so be sure and subscribe to Ford Authority for the latest Ford F-150 news, F-150 Lightning news, and comprehensive Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. David Dickinson

    To quote a great movie, these prices have hit “ludicrous speed.”

    Reply
  2. truth speaker

    plus the “market adjustment price” most dealers will add on.

    Reply
  3. BlueOvalfan

    I doubt 2022 reservation holders are price protected. I would only expect those that converted to an order and subsequently got slipped to MY23 production to be protected.

    Reply
  4. Steve

    Build back better….they just approved the 7500 tax credit so the average price increase is 7000+. Helping the middle class get the best reach around possible

    Reply
    1. Tigger

      Some of the higher end models will not even be eligible.

      Reply
  5. Tigger

    Awesome strategy! Gouge the customers some more, all the while decontenting the vehicles from year to year. Sounds like a great long- term strategy to me!

    Reply
  6. IT

    This is straight up greed from Ford. There is absolutely ZERO margin between MSRP and invoice. Selling a Lightning at MSRP leaves literally ZERO profit to the dealerships. The dealerships have nothing to do with the mark-ups. Customers who buy at MSRP, cash out on their $7500 rebate, and then sell them back to the dealership for a profit are the ones who are keeping the car market in a frenzy.

    Reply
    1. miles

      no dealership orders. customer orders factory direct

      Reply
  7. Wayne

    Ford was supposed to be the more affordable option among the EV trucks. I guess a Cybertruck it is for me.

    Reply
    1. Tigger

      Or the new Silverado EV

      Reply
    2. David Dickinson

      I think we will see that all the EV prices will magically increase to match the new tax incentive.

      Reply
    3. Ford Owner

      The Cybertruck will be delayed again. The production begins late 2023 or early 2024. So wait until 2024 to get one. By that time the F-150 Lightning gets its third year of sales.

      Reply
      1. Ford Owner

        Oh, the prices also increased. The base model begins at $47,000.

        Reply
  8. Mose L. Johnson

    I am interested in that EC truck.

    Reply
  9. NCEcoBoost

    Talk about being slammed all over the internet on this one and now they’re talking about pricing on all of its lineup. Shot yourself right smack dab in the foot on this one.

    Reply
  10. Rick Vignery

    Are any of the new Lightning orders going to qualify for the tax rebate under the new tax law this year?

    Reply
  11. Mike

    I bet there’s a new rebate in the BS inflation increase bill the scum just passed, and it’s around $6 to $8k. The under $40k price was to make them look good. They never intended to keep it that low. Ford has been leading the way in getting your neighbors to help you pay for their appliances. I don’t know why people are complaining tho, people are buying everyone of these with the jacked up prices. All 4000 of them. What a joke.

    Reply
  12. Marc

    They have to get more, since dealers are ripping people off too
    More expensive, cannot order, less range
    ICE will be around for the next 30+ years with these ridiculous high costs.

    Reply
  13. Joe

    Most people who need a truck won’t want a Lightning. It’s range isn’t good, 100 miles for towing, charging time is very long, and it is to expensive. Ford will never hit their production numbers. Long live ICE.

    Reply
  14. Austin

    Outrageous. And they want people to go EV. My fairly well optioned Lariat gas was just over 57k. If I want to move to an equal Lightning I have to pay almost $20,000 more? I’m also not busting down a trim level while still paying more. Get outta here.

    Reply
  15. John Coviello

    Remember, currently there is NOT enough electricity being produced to charge ANY OF THESE MONEY BITS !!!!!!! GET READY FOR LOTS OF BROWN AND BLACK OUTS ALL YEAR ROUND !!!!!!! HAVE FUN WITH YOUR TOY’S KIDS !!!!!!

    Reply
    1. Dennis Morgan

      My toys have kids?

      Reply
  16. Sam

    Then there is the pathetic 70 mile range when towing, the cost of electricity which is high, and astronomical cost to repair EVs. No thank you.

    Reply
  17. Paulqual

    Owner Loyalty? Have purchased/leased 18 vehicles from Ford. Reserved a Lightning during the ‘Live Reveal’ the instant the notification appeared. No contact from Ford yet authorizing me to order. However, it appears that as many as 90% of the order authorizations being extended are to those who reserved after me. Now (August 10, 2022) it appears that I need to wait until September and again there is still no guarantee I will receive an invitation to order. So, if the new Quality Czar is checking social media, he may want to explain the importance of owner loyalty to whoever created and approved the Wave Ordering System.

    Reply
  18. Al

    Dealership had 2 lightnings on their lot. Stopped to look at them and they both were police versions at $42K. Sold to a local county sheriff’s department. So much for the public getting a shot at buying them.

    Reply

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