The 2023 Ford F-150 Lightning extends its range for its second model year, and Ford juices its starting price by at least $7,000, the automaker revealed Tuesday.
The range for the F-150 Lightning Pro with the standard 98-kwh battery pack increases from an EPA-estimated 230 miles to 240 miles, and the price increases from $39,974 to $46,974, excluding destination fees that haven't been announced [expect an increase of $100 to $1,795]. The steep 17.5% price increase, the first since the Lightning launched last year in May, follows a similar refrain from other automakers.
"Due to significant material cost increases and other factors, Ford has adjusted MSRP starting with the opening of the next wave of F-150 Lightning orders," Ford said in a press release.
Ford said it has honored the original MSRP for all customer orders to date, adding that reservation holders who received an invitation to order but instead extended their reservation because their desired truck was unavailable will receive a private offer.
“Current order holders awaiting delivery are not impacted by these price adjustments,” Marin Gjaja, chief customer officer, Model E, said in the statement. “We’ve announced pricing ahead of re-opening order banks so our reservation holders can make an informed decision around ordering a Lightning.”
Starting June 1, Lucid raised prices by $15,000 for its Air sedan but honored all 30,000 reservations held by those who had locked in a price prior to that date. Following a March price hike for existing reservation holders of the R1T lifestyle pickup truck, Rivian experienced a swift backlash that prompted an about-face to honor original prices for current reservations.
Ford didn't disclose if the F-150 Lightning Pro would be made available to general consumers, not just fleet buyers as it has been since launch. The standard-range battery can be had on the Pro, XLT [$59,474], and Lariat [$74,474] trims. Those are increases of $6,500 an $7,000, respectively.
Prices also increase for models with the 131-kwh extended-range battery pack, but the 320-mile range estimate remains the same. The XLT High increases $8,500 to $80,974, the Lariat increases to $85,974, and the Platinum extended range tops the lineup with a $6,000 increase to $96,874.
The 2023 F-150 Lightning can be had with two new gray colors, Avalanche and Azure Gray metallic, and the Lightning can be equipped with Ford's Pro Trailer Hitch Assist that controls steering, braking, and throttle while hitching up a trailer. A police-ready Special Service Vehicle Package was announced at the end of July.
Ordering for the sold-out electric pickup truck reopens Thursday.
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Ford announced today that it is reopening the order banks for the F-150 Lightning electric pickup this Thursday for new reservations. The new 2023 model, beginning production this fall, will boast more standard range and new towing assist technology, but also comes with a price hike caused by the very supply chain factors that caused the order stoppage in the first place.
Let's get the bad news out of the way first. When the books open on Lightning reservations tomorrow, new customers can expect a price increase ranging from $6,000 to $8,500 depending on the trim level chosen. The automaker cites "significant material cost increases and other factors" as the reasons for the hike. The least expensive 2023 F-150 Lightning Pro now starts at $48,769 — including the $1,795 destination charge -- while the most expensive Platinum Extended Range trim climbs to $98,669.
Over the first year of production, Ford stopped and resumed taking orders on the electric F-150 multiple times, citing supply chain scarcity and overwhelming demand, but it never raised the price until today.
2023 Ford F-150 Lightning pricing
| New MSRP incl. destination | Price increase |
| $48,769 | $7,000 |
| $61,269 | $6,500 |
| $70,269 | $6,000 |
| $82,769 | $8,500 |
| $76,269 | $7,000 |
| $87,769 | $8,500 |
| $98,669 | $6,000 |
Ford says that it will continue to honor the previous pricing for customers already in the queue waiting for their F-150 Lightning to be built and will reach out with "private offers" to reservation holders who have elected to extend their reservation because their preferred specification wasn't available.
The good news is that 2023 F-150 Lightning examples equipped with the standard range battery will see a small bump to the EPA-estimated range, climbing from 230 miles per charge to 240 miles for vehicles built starting this fall.
2023 Ford F-150 Lightning Pro SSV Is Ready for All-Electric Duty
See all photosThe Lightning's options list grows with the addition of Pro Trailer Hitch Assist Technology -- which controls steering, throttle and brake inputs to make hitching trailers easier -- to the Tow Technology Package that is available on Pro, XLT and Lariat, standard on Platinum. Fleet purchasers will also be able to order the new Ford Pro Special Service Vehicle Package with roof-mounted LED beacons, police-grade cloth front seats and built-in steel intrusion plates.
Finally, shoppers will be able to choose from two new color options -- Avalanche Gray and Azure Gray metallic tri-coat -- which replace the Atlas Blue, Ice Blue Silver and Smoked Quartz Metallic finishes that are retiring this fall.