While it now seems like a distant memory, it was only a few months ago that Ford was bragging to the world about how proud it was to sell an electric truck for less than $40,000. Now, less than a year after it delivered the first example of the F-150 EV, the price has risen by a shocking 50 percent.
A look at Ford’s sales page reveals that the F-150 Lightning Pro now starts at $59,974 (or $61,869 with the destination charge). That is exactly $20,000 more than it initially charged for the same truck when it was launched last year.
It’s also $4,000 more than the F-150 Lightning Pro cost after its latest price hike in December, when the price was raised to $55,974. However, at this moment, no amount of money could a retail customer that particular truck, as it is sold out, Ford told Autonews.
Read: Ford Hikes F-150 Lightning Price By Another 9%, EV Now Starts At $56,000
Fortunately, the base model of the EV is the one whose price has changed the most notably. The XLT variant’s price has not changed at all since December, while the price of the Lariat trim is now just $1,500 more than it was at that time. Similarly, the range topping Platinum costs $1,200 than it did a few months ago.
Once again, Ford blamed material costs, market factors, and supply chain constraints for the rapidly expanding prices of the truck, as it did in December. At that time, it described the breathtaking MSRP changes as part of the “normal course of business.”
The price change follows a brief halt in deliveries, as well as a recall of the electric truck. Ford had to fix 18 F-150 Lightnings after a fire in a holding lot led to an investigation that discovered that certain battery cells were defective.
