Ford Slashes Up to $4,000 Off 2026 F-150 Lightning Pricing

Ford has announced significant price reductions for the 2026 F-150 Lightning, cutting costs by up to $4,000. These adjustments vary by trim and primarily affect higher-end models of the electric pickup truck. The price cuts come in light of the expiration of the $7,500 EV tax credit at the end of September.

Details of the 2026 F-150 Lightning Pricing

The starting price for the 2026 model is set at $63,345 for the new STX trim. This price mirrors that of last year’s entry-level XLT, which the STX replaces. The STX model has enhanced performance, boasting 536 horsepower, an increase from the 452 horsepower offered in the XLT. Additionally, it provides a mileage range of 290 miles, compared to the previous range of 240 miles.

Price Adjustments by Trim

• Flash Edition: $65,995 after a full $4,000 reduction.
• Lariat: Now priced at $74,995, reflecting a $2,000 decrease from its original price of $76,995.
• Platinum Edition: Remains at $84,995 with no price cut.

Future Electric Vehicle Plans

Looking ahead, Ford is planning to launch an affordable midsize all-electric pickup in 2027. This model is expected to start at around $30,000 and will be constructed on the upcoming Ford Universal EV Platform. It will feature the company’s new prismatic LFP batteries.

Market Trends and Competition

The expiration of EV-related tax incentives has prompted manufacturers, including Ford, to find alternative ways to provide value to consumers. Recently, Tesla introduced the ‘Standard’ editions of the Model 3 and Model Y, which offer reduced luxury features for a starting price of under $40,000.

Inflation has significantly impacted vehicle pricing, with $40,000 today having the same purchasing power as approximately $32,000 in 2020. This trend raises concerns about affordability in the electric vehicle market.

Dealer Incentive Changes

In another development, Ford scrapped a program intended to allow dealers to extend the $7,500 tax credit on EV leases after federal subsidies expired. This initiative was meant to give customers savings on EV leases by having Ford’s lending arm purchase inventory from dealerships. GM had contemplated a similar program but canceled it amid political scrutiny.

As the electric vehicle landscape evolves, manufacturers must innovate and adjust to maintain consumer interest and affordability.