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2023 Ford F-150 Lightning Prices Plummet Across Lineup

ford f 150 lightning platinum 2023 01 exterior front angle scaled jpg 2023 Ford F-150 Lightning | Cars.com photo by Christian Lantry

Since launching for the 2022 model year, the Ford F-150 Lightning has been a self-contained volatile market. Production has stopped and restarted, and pricing has increased at least three times. Now, Ford is announcing the best news yet for 2023 F-150 Lightning customers: pricing drops — big ones — across the board.

Related: No Reservations: 2023 Ford F-150 Lightning Orders Reopen

Base pricing of the entry-level Pro trim drops nearly $10,000, from $61,969 to $51,990 (all prices include $1,995 destination charge). The XLT drops between $8,400 and $9,500, depending on options; the Lariat falls nearly $7,000 with the standard battery or around $8,500 with the extended-range pack; and the Platinum drops just over $6,000. Most F-150 Lightnings are still eligible for a $7,500 tax credit under the Inflation Reduction Act, although fully loaded trucks and the Platinum trim exceed the $80,000 price cap.

Ford credits these price reductions to more favorable raw-materials costs for its batteries and increased capacity at its Rouge Electric Vehicle Center in Dearborn, Mich. The plant is closed until the fall while work is completed to help bring capacity up to 150,000 F-150 Lightnings annually.

Current 2023 F-150 Lightning pricing is as follows:

  • Pro: $51,990
  • XLT: $56,990
  • XLT Extended Range: $71,990
  • Lariat: $71,990
  • Lariat Extended Range: $79,490
  • Platinum Extended Range: $93,990

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