Ford F-150 Lightning Adjusts Pricing: $10,000 Hike for Select Models in 2024

Ford has begun 2024 with a series of pricing increases on F-150 Lightning grades, the EV version of their immensely popular pickup truck.

Ford Adjusts the Price of the F-150 Lightning

Lower-level F-150 Lightning trims have seen price increases ranging from $2,000 to $10,000, while higher-end trims such as the Platinum and Platinum Black have seen price decreases of up to $7,000.

In addition, the Flash configuration is being added to the portfolio, with prices starting at $73,495. The following is Ford's updated pricing for the F-150 Lightning:

• Pro – $54,995, an increase of $5,000
• XLT – $64,995, an increase of $10,000
• Flash – $73,495
• Lariat – $79,495, an increase of $2,000
• Platinum – $84,995, a decrease of $7,000
• Platinum Black – $92,995, a decrease of $5,000

In an email to Teslarati this morning, Ford spokeswoman Marty Gunsberg responded on the price increases. “The F-150 Lightning is America’s best-selling electric pickup after a record fourth quarter, and demand continues to grow. We are making adjustments to pricing, production, and trim packages to achieve the optimal mix of sales growth, profitability, and customer access to the IRA tax benefit,” he stated.

These adjustments are only applicable to F-150 Lightning Model Year 2024 releases; 2023 Model Year variants remain unaffected. Furthermore, Gunsberg informed us that incentives for the 2023 Mustang Mach-E will be updated, with a $7,500 Red Carpet Lease Cash available when leased through Ford Credit.

Ford Recalls Over 112,000 F-150 Pickup Trucks

Meanwhile, Ford is recalling some F-150 pickup trucks because a part may fail and cause the vehicles to roll away when parked. According to the National Highway Traffic Safety Administration, the truck's rear axle hub bolt could break, causing damage to the axle hub splines.

"Damaged axle hub splines can result in a vehicle roll away when the vehicle is in park without the parking brake applied, or cause a loss of drive power. Both of these conditions can increase the risk of a crash,” NHTSA official Alex Ansley wrote in a letter to Ford.

The recall affects about 112,000 trucks with the Trailer Tow Max Duty option and a 9.75-inch heavy-duty axle with a 3/4 float axle design from model years 2021-2023. A "clicking or rattling noise" could signal an issue with the rear axle bolt, and owners should take their vehicles to a Ford dealer for repair, according to the NHTSA.

Ford spokesperson Maria Buczkowski stated that the automaker would be sharing additional information on the "final service remedy" of the problem soon and that customers can engage their truck's electronic parking brake in the meantime.

According to Ford, as of December 2, there have been 376 warranty reports connected to broken rear axle nuts and stripped hub splines that affected the vehicle's driving power or parking status.

The Dearborn, Michigan-based corporation, stated that it was not aware of any reported accidents or injuries as a result of the problem. Ford recalled over 220,000 F-150 pickups in March due to faulty windshield wiper arms.

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