Ford is growing pricing on its F-150 Lightning electrical pickup truck for the second time.

In a press release to CNBC, Ford stated the 2023 F-150 Lightning Professional now begins at $53,769, together with a $1,795 vacation spot cost.

The Professional is the bottom grade geared toward fleet consumers, and was priced at simply $41,669 when the 2022 F-150 Lightning was launched in Might. Ford then elevated the value of Professional in August to $48,769 for the 2023 mannequin 12 months, whereas additionally growing vary from 230 to 240 miles, and including Professional Trailer Hitch Help expertise.

Ford cited rising materials prices and different components for the August value rise. In its assertion to CNBC, Ford stated the newest value rise, now roughly 30% larger than the unique launch value, was resulting from ongoing provide chain constraints, in addition to rising materials prices and different components.

Different grades had been additionally affected by the August value rise, however Ford hasn’t stated if that was the case with its newest value rise.

It is attainable Ford could have underestimated demand for the F-150 Lightning and is now adjusting pricing.

Ford has delivered 8,760 models since deliveries began in June, and the the automaker stated the zero-emission truck is one in all its fastest-turning autos on supplier tons, requiring simply eight days.

Different automakers have costs on EVs in latest months. EV startups Lucid and Rivian have each elevated costs this 12 months, whereas Tesla has raised costs throughout its lineup a number of occasions this 12 months.