NEWS

2023 Ford F-150 Lightning: Order Bank Reopens With More Range, Higher Prices

ford-f150-lightning-2022-01-exterior-blue-front-angle 2022 Ford F-150 Lightning | Cars.com photo by Jonathan Earley

After more than 160,000 customers made a reservation for the all-electric Ford F-150 Lightning, the automaker closed the reservation window in December 2021 and increased production to meet the higher-than-expected demand. For customers who missed that initial window, the good news is that orders are back open and the 2023 Lightning has some small upgrades, including slightly more range from its smaller standard-range battery. The bad news is that hesitation comes at a cost, with prices rising across the entire Lightning lineup.

Related: Is the 2022 Ford F-150 Lightning EV a Good Pickup Truck? 6 Things We Like, 5 We Don’t

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Standard Range Going Up

Starting with the good news, the range for the Lightning’s standard-range battery is now 240 miles, up from 230, according to Ford (the EPA has not changed its official rating as of this writing). The standard-range battery is available in the Pro, XLT and Lariat trims. The long-range battery pack, available in the XLT and Lariat trims and standard on the Platinum trim, will continue to offer 320 (XLT, Lariat) or 300 miles (Platinum) of range.

Ford is also making the Pro Trailer Hitch Assist system, which controls steering, braking and acceleration to make hitching a trailer easier, standard as part of the Tow Technology Package. Already standard on the Platinum and certain versions of the Lariat, the feature will now be available across the lineup.

Prices Going Up, Too

The bad news is that, “Due to significant material cost increases and other factors,” according to Ford, the Lightning’s price is increasing by at least $6,000 and as much as $8,500. The increases will not affect customers currently waiting for their order, but they will impact customers who make a new reservation or those who have a reservation but have not yet placed an order.

Below is a full breakdown of the updated pricing for the 2023 F-150 Lightning, including a $1,795 destination fee, but not including any potential federal, state or local tax credits.

  • F-150 Lightning Pro (Standard range): $48,769 ($7,000 increase)
  • F-150 Lightning XLT (Standard range): $61,289 ($6,500 increase)
  • F-150 Lightning XLT (Long range): $82,769 ($8,500 increase)
  • F-150 Lightning Lariat (Standard range): $76,269 ($7,000 increase)
  • F-150 Lightning Lariat (Long range): $87,769 ($8,500 increase)
  • F-150 Lightning Platinum (Long range): $98,669 ($6,000 increase)

Those prices are likely eye-watering to shoppers comparing the Lightning to traditional gas-powered pickups. Despite the increases, however, they still compare favorably to other all-electric pickups. The GMC Hummer EV Pickup and Rivian R1T both have starting prices north of $80,000, and the upcoming Chevrolet Silverado EV likely will, too (though Chevrolet said it eventually plans to offer a $50,000 version).

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