Ford Raises Price of F-150 Electric Truck as Inflation Bites

Ford Raises Price of F-150 Electric Truck as Inflation Bites
The corporate logo of Ford is seen at Brussels Motor Show, Belgium, on Jan. 9, 2020. Francois Lenoir/Reuters
Reuters
Updated:

Ford Motor Co. is raising the price of its electric truck F-150 Lightning Pro for the 2023 year model by nearly 11 percent, seeking to cushion the hit from ongoing supply chain snags and decades-high inflation, a spokesperson for the automaker said on Wednesday.

The price of the new model has been set at $51,974 compared to $46,974 earlier, due to “ongoing supply chain constraints, rising material costs and other market factors,” the spokesperson said.