Ford has slashed costs on its 2023 F-150 Lightning electrical truck, with the bottom mannequin’s value dropping nearly $10,000 in a single day.

The corporate says “elevated plant capability, continued work on scaling manufacturing and price, and enhancing battery uncooked materials prices” have come collectively to make the value cuts attainable.

The corporate might have additionally scaled up manufacturing quicker than demand has grown – sellers are at present oversupplied with electrical autos (EVs) in some components of the nation. Demand for EVs is rising, however not as quick as provide of some fashions.

The 2023 Ford F-150 Lightning is a full-size pickup with ranges between 240 and 320 miles relying on trim stage. Our skilled check driver discovered it had “greater than sufficient muscle for many necessities, even for work vehicles,” although vary falls considerably when towing as much as its 10,000-pound restrict. It provides blistering acceleration for a truck – zero to 60 mph in 4.5 seconds for prolonged vary fashions – and useful know-how like an accessible built-in scale that weighs payload.

It took house our inaugural Finest Purchase Award amongst electrical vehicles this yr.

It’s additionally the one electrical full-size truck at present available on the market. Startup Rivian’s R1T is a midsize truck. Rival startup Lordstown Motors has entered chapter safety and not seems to be taking orders for its Endurance full-size truck.

However the competitors is seen within the Lightning’s rearview mirror. Chevrolet has a Silverado EV on the way in which for the 2024 mannequin yr. Ram will comply with shortly after with its 2025 Ram 1500 REV. Telsa has delayed the introduction of its Cybertruck electrical truck a number of occasions, however the firm could also be nearer to a remaining reveal than it was final month. Tesla on Saturday posted a picture of the primary pre-production prototype of the truck at its Texas meeting plant.

2023 Ford F-150 Lightning Pricing:

Ford additionally expenses a $1,995 vacation spot payment on all Lightning fashions. The corporate says it’s providing a $1,000 bonus for patrons who order an XLT, Lariat, or Platinum Lightning by a dealership as a substitute of on-line till July 31.

Lightning fashions with value tags of $80,000 or much less are eligible for a $7,500 federal tax credit score.