Ford Hikes Price of Cheapest Electric F-150 Truck by $15,000 as Inflation Squeezes Auto Industry
The cost of Ford Motor’s cheapest model of its F-150 Lightning electric truck has gone up by nearly 10 percent as the company battles against ongoing supply-chain issues and decades-high inflation.
According to the automobile manufacturer’s official website, the electric pickup truck now starts at approximately $55,974, marking a more than $15,000 increase compared to its original pricing.
Ford initially announced a starting price of $40,000 for the hugely popular vehicle, which was named MotorTrend’s 2023 truck of the year earlier this week—the first electric truck to win by unanimous vote among the judges, according to Ford.
Back in August, the vehicle maker announced it was increasing the prices of all its F-150 Lightning models by $6,000 and $8,500, depending on the model, due to “significant material cost increases and other factors.”…