DETROIT (Michigan News Source) – Customers who originally placed an order for a Ford 150 Lightning are cancelling the order due to rising costs.
The truck was introduced in 2022 with a price of $40,000 for the base model, but recent increases have pushed the base price to nearly $60,000. The Inflation Reduction Act also throws a huge wrench in the F-150’s sales, too. The new price cap rule means that trucks must clock in under $80,000 to qualify for tax incentives. That means about half of the Ford F-150 lineup no longer qualifies for the $7,500 tax credit.
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Ford also had a problem with defective batteries which posed a fire risk but that issue has reportedly been resolved. Ford actually closed the ordering process for the Lightning after 200,000 reservations were placed. Customers who have opted out say the price hikes were just too much.
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