Ford Authority

Ford F-150 Lightning Pricing 40 Percent Higher Since Launch

When it launched in 2021 for the 2022 model year, the Ford F-150 Lightning featured an enticingly low base price of just $39,974 for the work-oriented Pro model, though one could spend as much as $90k for the top-trim Platinum. However, in the time that’s passed since then, the F-150 Lightning has experienced multiple price increases due to the rising cost of goods, which has impacted the EV pickup’s MSRP in a big way – in fact, its pricing has increased by around 40 percent since it originally launched – at least as it pertains to certain trim levels.

At launch, the Pro cost $39,974, while the XLT was priced at $52,974, the Lariat at $67,474, and the Platinum at $89,874. Then, this past August, the Ford F-150 Lightning lineup received price increases across the board for the 2023 model year, bringing those totals up to $46,974 for the Pro, $59,474 for the XLT, $74,474 for the Lariat, and $96,874 for the Platinum – increases ranging between $6,000 and $8,500, depending on trim.

Then, in October, the 2023 F-150 Lightning got another price increase – though this time around, it only applied to the entry-level Pro, which saw its MSRP rise by $5,000 to $51,974 – just a bit less than the better-equipped XLT was originally priced at. Just a couple of weeks ago, the EV pickup was treated to yet another round of price increases, however, as inflation continues to rear its ugly head. This latest adjustment only applies to the Pro and XLT trims, however, along with the XLT High package, as those configurations rose by $4,000 to $55,974, $4,000 to $63,474, and $500 to $68,974, respectively.

This trend isn’t limited to the Ford F-150 Lightning, as prices for new vehicles across the board – EVs and ICE-powered examples alike – have also been on the rise for some time now. But with the costs of minerals such as lithium, cobalt, and nickel skyrocketing, the F-150 Lightning – and Ford Mustang Mach-E, which has also gotten more expensive in recent months – continues to follow suit.

We’ll have more on the F-150 Lightning very soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series newsFord F-150 newsF-150 Lightning news, and 24/7 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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  1. I’m just saying

    It’s almost like using bulk amounts of rare earth metals that are dependent on slave labor in the Congo in unsafe mines tightly controlled by the CCP to power a vehicle isn’t a great idea and surely isn’t an improvement over what we have.

    1. Bob Dobson

      Hey come on now, don’t bring facts like where the battery materials come from into this, the BEV pushers want that kept on the DL so we can keep pretending BEVs are the only way to go. Not only are the materials for batteries mined with unsafe slave labour, the carbon footprint of a BEV is so much greater during production that it takes 15-18 years before it’s actually the equal of an ICE vehicle. But again let’s not bring facts into the BEV discussion. Farley doesn’t want to hear about it, or the current 6 hr line ups at CA charging stations, or the F150 Lightnings that are being “Bricked” at charging stations……shshshshsh


    Thank you, Ford Motor Company, for raising the price of this vehicle, please, continue raising prices of all your EVs until no one can afford them.


    More price increases ? So who is the guilty, or the main reason ? Is it Russia ? Be careful with that , see what Tesla stocks are undergoing?.

  4. Canceling my reservation

    The biggest point this article missed is that the lowest MSRP for the F150 Lightning with the extended range battery is over $80,000. The new $7,500 tax credit excludes vehicles over $80,000 MSRP. Ford has been advertising this truck as qualifying for the tax credit but with the new rules you will need to be careful when building it to still be eligible. Before the price hikes and tax credit change, a build that would have an MSRP of around $70,000, after the tax credit would have cost me around $63,000. Now that same build gets no tax credit and costs me $88,000. That’s a deal breaker for me.


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