The 2023 Ford F-150 Lightning will get a variety increase for a second mannequin 12 months, but additionally an enormous value improve. Ford revealed Tuesday that it is elevating the bottom value by $7,000.

EPA-estimated vary for the fleet-oriented F-150 Lightning Professional will increase from 230 miles to 240 miles with the usual 98-kwh battery pack, whereas the value will increase from $39,974 to $46,974, excluding vacation spot fees that have not been introduced but (count on a $100 improve to $1,795). Ford gave an analogous excuse to clarify the 17.5% value improve.

“As a consequence of important materials value will increase and different elements, Ford has adjusted MSRP beginning with the opening of the following wave of F-150 Lightning orders,” the automaker stated in a press launch.

Ford stated it has honored the unique MSRP for all buyer orders to this point, including that reservation holders who acquired an invite to order however as a substitute prolonged their reservation as a result of their desired configuration was unavailable will obtain a non-public supply.

“Present order holders awaiting supply will not be impacted by these value changes,” Marin Gjaja, chief buyer officer for EV-focused Ford’s Mannequin E enterprise unit, stated in a press release. “We have introduced pricing forward of re-opening order banks so our reservation holders could make an knowledgeable resolution about ordering a Lightning.” These order books reopen Thursday.

Different automakers have raised EV costs lately. Beginning June 1, Lucid raised Air sedan costs by $15,000 however honored all 30,000 reservations of consumers who had locked in a value previous to that date. Tesla has raised costs throughout its lineup a number of instances this 12 months. Following a March value hike for present R1T pickup truck reservation holders, Rivian confronted a swift backlash that prompted the corporate to stroll again costs will increase for present reservations.

The pattern is not common, although. Basic Motors minimize the bottom value of the 2023 Chevrolet Bolt EV and Bolt EUV by $6,000 and $6,300, respectively, presumably to make room for the 2024 Chevrolet Equinox EV, anticipated to start out simply above the Bolt EV and EUV at round $30,000.

Ford did not disclose if the F-150 Lightning Professional can be made accessible to basic customers, not simply fleet consumers because it has been since launch. The usual-range battery could be had on the Professional, XLT ($59,474), and Lariat ($74,474) trims. XLT and Lariat costs improve by $6,500 and $7,000, respectively.

Costs additionally improve for fashions with the 131-kwh extended-range battery pack, however the 320-mile vary estimate stays the identical. The XLT Excessive will increase $8,500 to $80,974, the Lariat will increase to $85,974, and the Platinum will increase $6,000 to $96,874.

The 2023 F-150 Lightning Professional could be had in two new colours (Avalanche and Azure Grey metallic), and might now be outfitted with Ford’s Professional Trailer Hitch Help that controls the steering, braking, and throttle when hooking up a trailer. A police-ready Particular Service Car package deal was introduced on the finish of July.