In addition, Ford is focusing on high-demand trims, such as the XLT, which accounts for over 50% of new orders. The move will help support “shorter order-to-delivery times for customers.” Before you run to the dealership: There are a host of other eligibility requirements for the EV tax credit that you’ll want to confirm if you’re interested in essentially knocking $7,500 off the price tag.Ford ups Lightning production to satisfy higher ordersįollowing a six-week revamp and expansion at the Ford Rouge Electric Vehicle Center, the company expects to hit its targeted annual run rate of 150,000 electric truck models by this fall.Īlthough the temporary shutdown at Ford’s EV plant limited customer deliveries over the past few months, Ford says it’s ready to accelerate the ramp-up process to help meet the higher demand.įord’s Rouge EV Center is forecasted to build over 70,000 F-150 Lightning electric trucks this year, with the production ramp for US customers expected this fall.According to the EV industry publication Electrek, the 2023 model may be eligible for the credit as well. What’s more, the 2022 F-150 Lightning is identified on the Department of Energy’s list of vehicles as potentially eligible for the new $7,500 EV tax credit that went into effect this year. The Lightning truly shines when stacked up against the cost of the average full-size pickup truck, which was $64,207 in December.Meanwhile, the average price of new EVs, which is historically much higher than regular vehicles, fell to $61,448.The latest stats show that, in December, the average price of a new vehicle reached an all-time high of $49,507. According to Cox Automotive, the average price of a new car is closing in on $50,000. While it’s no low-budget option, when compared to the average cost of other new EVs and pickups, it is a good value. See Rates Keep in mindĭepending on the model year, the retail price for an F-150 Lightning starts between $46,000 (2022) and $56,000 (2023). Find the one that best fits your particular needs today. There's a wide range of insurance policies available for you. “When historians write about the automotive revolution in the 2020s, the Ford F-150 Lightning will take center stage,” according to Edmunds’ writeup. The Lightning also garnered Kelley Blue Book’s “ Best Buy” title for electric truck.Edmunds crowned the 2023 Ford F-150 Lightning as the “ Best of the Best” vehicle this year and, of course, awarded it the top-rated electric truck accolade.
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