Today, Ford announced it is reducing pricing across all Ford F-150 Lightning pickup truck trims by up to $10,000. In its press release, the company said it is taking advantage of improved raw material costs for the battery and increased plant capacity. This brings the MSRP of the pickup truck closer to the initial price that was announced during the unveiling.
Currently, Ford’s Michigan plan is undergoing final plant upgrades. Once completed, it is expected to triple the annual production rate of the Ford F-150 Lightning. The company is expected to significantly improve the availability of built-to-order trucks by October.
Updated Ford F-150 Lightning Prices (July 2023)
Here’s the complete table of updated prices across all trim levels. It reduction in the pricing ranges between $6,079 to $9,979.
| Trim | Previous MSRP | Updated MSRP | Adjustment |
| Pro | $59,974 | $49,995 | $9,979 |
| XLT 311A | $64,474 | $54,995 | $9,479 |
| XLT 312A | $68,474 | $59,995 | $8,479 |
| XLT 312A Extended Range | $78,874 | $69,995 | $8,879 |
| Lariat 510A | $76,974 | $69,995 | $6,979 |
| Lariat Extended Range | $85,974 | $77,495 | $8,479 |
| Platinum Extended Range | $98,074 | $91,995 | $6,079 |
The destination and delivery fee on all trims has been increased by $100 bringing it to $1,995.
As a result of this price reduction, the Lariat Extended Range version also qualifies for a $7,500 tax credit. All versions except Platinum Extended Range now qualify for the $7,500 incentive.
Ford is offering an additional $1,000 bonus for retail customers who build their own XLT, Lariat, and platinum versions of the truck through the dealer or ford.com. This promotional sales event is being run from July 6th to July 31st.