Ford has announced prices for the 2022 F-150 Lightning's base and XLT models but not the Lariat or Platinum trims.
We're estimating the base price will be around $42,000 including a mandatory destination charge (Ford hasn't yet released the exact destination charge).
The XLT will start around $55,000 and the Lariat and Platinum versions will be considerably more expensive.
The existing gasoline version of the Ford F-150 starts just above $30,000, but that sum is hardly representative of the broad range of models available. Similarly, the base price that Ford has announced for the new electric version of the F-150, the 2022 Lightning, is only part of the story. What we know so far is that the base Lightning, which is intended for commercial customers, will likely cost around $42,000 including a mandatory destination charge (Ford declined to confirm exactly what that charge is, so we're estimating it for now), and the XLT will cost around $55,000. But the company isn't releasing pricing for top Lariat and Platinum trim levels.
All Lightnings will come with all-wheel drive and a crew cab, so by our approximation the most equivalent gasoline model is the 2021 F-150 XL SuperCrew 4WD with a short bed, which costs $41,855. That base version has a 3.3-liter V-6 engine with 290 horsepower and 265 pound-feet of torque, which pales in comparison with the Lightning's 563 hp and 775 pound-feet.
The Lightning's base price also undercuts the new hybrid version of the F-150 by a few thousand dollars. A 2021 F-150 XL crew cab with the optional PowerBoost drivetrain starts at $46,350.
When comparing XLT crew-cab versions, the Lightning will be considerably more than an XLT 4WD with the V-6 ($45,500) and a few thousand more than an XLT model with the optional hybrid drivetrain ($49,995).
Obviously, the better-equipped Lariat and Platinum versions of the F-150 Lightning will be more expensive. We're estimating that they will start around $59,000 for the Lariat and $70,000 for the Platinum.
Ford says that the Lightning will offer two different battery-pack sizes. The Standard Range pack claims a driving range of 230 miles, and the Extended Range, which is optional on all models except the Platinum, is claimed to have a driving range of 300 miles. We don't know how much extra it will cost, but it will likely add several thousand dollars to the Lightning's bottom line.
Price vs. Other Electric Trucks
Now that we've covered how the Lightning fits into the F-150 lineup, what about how it compares to other electric pickups? Well, that question isn't so easy to answer, as there aren't any on sale yet.
The Ford will likely offer several versions that are cheaper than the claimed $67,500 starting price for the upcoming Rivian R1T, which is slated to arrive this summer. Tesla has offered up a $39,900 base-price estimate for the base version of the Cybertruck, which doesn't have an arrival date set yet. The dual-motor Cybertruck, which is more similar to the Lightning because of its all-wheel drive, has an estimated price of $49,900 and is slated to go into production late this year, if Tesla doesn't reschedule it. The GMC Hummer EV is also considerably more expensive than the Ford, with a starting price of $79,995 for the base version that won't arrive for a few more years.
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