CNN —Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck.
Since the F-150 Lightning’s release in mid-2021, the auto manufacturer has raised prices several times, citing in part “significant material cost increases” for key electric vehicle battery components like lithium, cobalt, and nickel.
The Platinum Extended Range, its most expensive model, is down more than $6,000 to about $92,000.
These models are also eligible for a tax credit of up to $7,500 under the 2022 Inflation Reduction Act, according to Ford.
Customers can expect these cheaper cars to become available as early as October.
Persons:
CNN — Ford, Kelley, Ford, “ We’ve, ”, Marin Gjaja
Organizations:
CNN, Kelley Blue, Ford
Locations:
Michigan