Ford F-150 Lightning Worth Drops, Manufacturing Rising to 150,000/Yr

Many electrical automobile followers hoped the Ford F-150 Lightning would take the US by storm — at the very least, as a lot because it might with the manufacturing capability Ford targets. And the electrical truck has accomplished fairly okay. Nevertheless, it might do higher, and it ought to now — as a result of Ford is dropping the MSRP of the electrical truck.

Ford is attributing the price drop to scaling up of manufacturing, battery materials value drops, and elevated manufacturing unit capability. The corporate is tripling manufacturing capability for the Lightning in the intervening time to match provide with anticipated demand. “The Rouge Electrical Car Middle in Michigan is quickly closed to finish last plant upgrades to triple the plant’s annual run price to a focused 150,000 F-150 Lightning vehicles starting this fall,” Ford wrote in an e-mail to CleanTechnica and different media shops.

“The upgrades on the plant, mixed with enhancing battery uncooked materials prices and continued work on scaling manufacturing and value, assist make it doable to decrease pricing throughout the F-150 Lightning line. Prospects will now have better availability of their built-to-order truck as early as October at an MSRP nearer to preliminary Lightning pricing.”

As you may see on the finish there, additionally it is now going to be faster to get an F-150 Lightning you customized order.

As many CleanTechnica readers are nicely conscious, there have been generally excessive markups on the Ford Mustang Mach-E and Ford F-150 Lightning final 12 months — as there have been on numerous standard EVs and even non-EVs. It was an unlucky macro state of affairs for Ford to stroll into because it was getting into the EV revolution market extra significantly. Nevertheless, the macro components are enhancing, as is Ford’s inside dedication to ramping up manufacturing. “Shortly after launching the F-150 Lightning, quickly rising materials prices, provide constraints and different components drove up the price of the EV truck for Ford and our clients,” mentioned Marin Gjaja, chief buyer officer, Ford Mannequin e. “We’ve continued to work within the background to enhance accessibility and affordability to assist to decrease costs for our clients and shorten the wait occasions for his or her new F-150 Lightning.”

The next is up to date Ford F-150 Lightning pricing (MSRP) in addition to the earlier pricing and the distinction between the 2:

Plus, most F-150 Lightning choices are eligible for the $7,500 federal tax credit score for EVs and Ford is providing a reduction/bonus for a summer season sale this month. “With ordering now open for all clients, Ford is providing a $1,000 bonus for retail clients who construct their very own XLT, Lariat or Platinum truck via their supplier or by way of ford.com from July 6 to July 31 as a part of the nationwide summer season gross sales occasion. As well as, Ford Credit score is providing eligible consumers rates of interest as little as 1.9 p.c APR for 36-months.”

With the value cuts and Ford EV drivers having access to the Tesla Supercharger community beginning subsequent 12 months, what number of of those electrical vehicles will shoppers demand per 12 months? The brand new manufacturing capability of 150,000, or kind of? I dare say that customers will need excess of 150,000 a 12 months and Ford might want to triple manufacturing capability once more within the subsequent few years. However we’ll see.

Recall that the F-150 Lightning was CleanTechnica‘s 2022 Automobile of the Yr. We count on rather a lot from this EV. It’s nice to see manufacturing capability rising and the value dropping. Let’s hope we get extra such information in a 12 months or two.

Facet notice: Does this put pricing strain on the Tesla Cybertruck? Or was Tesla going to be on this pricing vary anyway? Or are these merchandise interesting to very totally different consumers and it doesn’t even matter?

Associated story: Ford May Promote 500,000 EVs Per Yr In USA With Tesla Supercharging Entry

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