Ford is chopping the worth of the 2026 F-150 Lightning by as much as $4,000

Ford is chopping the worth of the 2026 F-150 Lightning by as much as $4,000, as confirmed by the automaker to CarsDirect. The value cuts fluctuate by trim, nevertheless, and can solely apply to costlier packages for the electrical pickup truck. This comes because the $7,500 EV tax credit score expired on the finish of September.

The 2026 mannequin has a beginning worth of $63,345 for the STX trim, which is similar worth because the earlier yr’s entry-level XLT. The STX replaces the XLT and delivers 536 horsepower, up from the XLT’s 452, and 290 miles of vary, up from 240.

The Flash version will obtain the total $4,000 worth reduce, giving it a brand new worth of $65,995. The Lariat, initially priced at $76,995, will get only a $2,000 haircut and can promote for $74,995. The Platinum version shall be priced at $84,995 and won’t value much less.

This summer time, Ford announced that it will launch an reasonably priced midsize all-electric pickup with a beginning worth of round $30,000 in 2027. The truck can be constructed on the corporate’s upcoming Ford Common EV Platform that shall be shared by a brand new household of merchandise. These fashions would use Ford’s upcoming prismatic LFP batteries.

As EV-related tax incentives proceed to run out, producers might want to attain into their very own pockets to ship worth to shoppers. This week Tesla announced the Mannequin 3 and Mannequin Y ‘Commonplace’ editions, which quit some luxurious touches in change for worth, with each beginning at below $40,000. Inflation has additionally performed a big function in automobile pricing during the last 5 years, as $40,000 has roughly the same purchasing power as $32,000 in 2020.

Ford not too long ago walked again a program that might have enabled sellers to supply a $7,500 tax credit score on EV leases even after the expiration of federal subsidies on September 30, as first reported by . The plan concerned having the corporate’s lending arm buy new EVs out of the model’s sellers’ stock, after which Ford would apply for the tax credit score on the autos. That credit score would then have been thought of within the EV lease phrases for patrons, passing on the financial savings.

GM was set to have an identical program earlier than earlier this week. In keeping with Reuters sources, GM killed this system after Republican Senator Bernie Moreno of Ohio raised considerations about it. It’s unclear why Ford adopted swimsuit.

Replace 11:23 EST: Added extra context.