Ford F-150 Lightning EV prices fall by a massive $10,000

The Ford F 150 Lightning was introduced in 2021 with prices ranging from $40,000 and going all the way up to $92,000.

Ford has recently announced massive price cuts on its all-electric pickup truck, the F-150 Lightning, ranging between $6,000 - $10,000.

As per reports, Ford suggested that its price cuts are because the company's efforts to boost production and lower battery mineral costs have paid off. Ford will reduce prices of all variants of the F-150 Lightning, with the lower trims receiving up to $10,000 reductions, while the top-spec 'Platinum' variant will cost $6,000 less than its prices in March 2023.

The Ford F 150 Lightning was introduced in 2021 with prices ranging from $40,000 and going all the way up to $92,000. However, over the past couple of years, prices of the electric pickup rose steadily, hitting the $60,000 mark in March this year for the base trim. With the price cuts in place, entry-level pricing will reduce to $50,000.

Ford has been working on boosting production of the F-150 Lightning ever since its launch. The American carmaker recently stated that the facility that manufactures the F-150 Lightning will be closed for several weeks while Ford installs production upgrades to boost the numbers.

Source: CNBC