Ford has confirmed that it’s going to be elevating costs for its base-model 2024 F-150 Lightning by roughly $5,000. This isn’t the primary time Ford has toyed with the pricing for its electrical pickup truck, however with its largest competitor, the Tesla Cybertruck, nonetheless present process numerous delays and nonetheless costlier than the Lightning, Ford has a bit wiggle room for some MSRP changes.
The base-model Ford F-150 Lightning will now begin at $54,995, which represents a $5,000 enhance over its earlier $49,995 base-model worth. Other variations of the F-150 Lightning can even be seeing worth fluctuations (and a few modifications in trims), as reported by the Detroit Free Press:
- Pro (240 mile EPA-estimated vary) from $49,995 to $54,995
- XLT 311 A (240 mile EPA-estimated vary) from $54,995 to $64,995
- XLT 312 A (320 mile EPA-estimated vary) from $69,995 to eradicated in 2024
- Flash (320 mile EPA-estimated vary) is a brand new providing for $73,495
- Lariat (240 mile EPA-estimated vary) from $69,995 to eradicated in 2024
- Lariat (320 mile EPA-estimated vary) from $77,495 to $79,495
- Platinum (300 mile EPA-estimated vary) from $91,995 to $84,995
- Platinum Black (300 mile EPA-estimated vary) from $97,995 to $92,995
While lower-tier trims have seen a worth enhance, each of the top-end trims — Platinum and Platinum Black — will really see decrease beginning costs in 2024.
Pricing for F-150 Lightning fashions from the 2023 mannequin 12 months will stay unchanged.
According to a Ford spokesperson and as reported by CNBC, the American automaker is “making adjustments to pricing, production and trim packages to achieve the optimal mix of sales growth, profitability and customer access to the IRA tax benefit.” The F-150 Lightning is at the moment certainly one of solely 13 different automobiles that may qualify for the total $7,500 tax profit.
Crucially, the Tesla Cybertruck is at the moment not a type of qualifying automobiles, and with so few electrical pickups available on the market, it’s additionally the F-150 Lightning’s largest competitors. But there are a handful of mitigating components that proceed to make the Cybertruck a much less compelling purchase.
First and foremost, the polygon-shaped truck has barely been delivered to prospects, and its entry-level mannequin is at the moment projected for a 2025 launch — however as we’ve seen, Tesla will be beneficiant with its timeline projections. Further, Tesla misplaced the curiosity of some potential patrons when the base-model Cybertruck leaped in worth. When the truck was introduced again in 2019, Elon Musk promised his F-150 Lightning rival would begin at $39,900, with the costliest model coming in at $77,000.
Those low cost costs didn’t occur. The base-model Cybertruck is as a substitute projected to begin at $60,990; if you’d like a truck that (would possibly) be delivered this 12 months, your solely two choices are the all-wheel drive model and the so-called Cyberbeast, which clock in at $79,990 and $100,000, respectively. And none of these fashions will qualify for a tax rebate.
Source: jalopnik.com