Ford Raises Electric Truck Price By Up To $8,500 Just After Democrats Pass $7,500 EV Tax Credit – IOTW Report

Ford Raises Electric Truck Price By Up To $8,500 Just After Democrats Pass $7,500 EV Tax Credit

Following the passage of a plan by Senate Democrats that contained a $7,500 federal electric car tax credit, Ford increased the basic price of its F-150 Lightning electric pickup truck.

The price of the basic model 2023 F-150 Lightning pickup has increased to $47,000 from the previous $40,000.

Purportedly, major material cost hikes and “other considerations” were to blame for the price hike. However, the price hike would only affect individuals who have booked but not yet paid for the truck.

Certain modules of the vehicle may qualify for the credit this year due to upcoming changes in eligibility and tax credit regulations brought forth by new legislation, such as the enactment of the Inflation Reduction Act. It is not known if the vehicle will continue to be qualified in the future.

Depending on the model, the electric vehicles’ range is just 230 miles to 320 miles. This is only a slight improvement of 10 miles over the company’s regular battery. It’s not just Ford that’s increasing the cost of their EV lineup; GM just announced a $6,250 price hike for their electric version of the GMC Hummer.

A coalition of major manufacturers said that under the Democratic plan in the U.S. Senate, most electric-vehicle models would not be qualified for a $7,500 tax credit for U.S. purchasers.

Some automakers have voiced concerns behind closed doors about the proposal’s increased demands for U.S.-sourced batteries and critical-mineral contents in vehicles.

A proposal by Senators Chuck Schumer and Joe Manchin on July 27 would render ineligible 70 percent of 72 U.S. electric, plug-in hybrid, and fuel-cell EVs, according to John Bozzella, who heads the Alliance for Automotive Innovation, which represents General Motors (GM.N), Toyota Motor (7203.T), and Ford Motor, among others.

The new sourcing restrictions would make it such that “none would qualify for the full credit,” he claimed.

Never trust a dem when they claim they are going to save you money… unless you’re dirt poor, an illegal or an elite.

22 Comments on Ford Raises Electric Truck Price By Up To $8,500 Just After Democrats Pass $7,500 EV Tax Credit

  1. I saw a test between electric trucks and gas.
    Electrics can’t handle the same payload or towing capacity.

    I read an article a couple of days ago showing most American made ev’s won’t qualify for our tax money to given to buyers.
    It’s a scam. Payoff to the Chinese to try to force people to buy their products.

  2. The real Double Whammy of this century is that not only batteries will become even more expensive, the price of electricity will mushroom too as demand exceeds supply!

  3. Will be interesting to see how well the electric trucks sell, a year from now.
    I can’t imagine anyone buying one for work purposes. Maybe if they are somewhat luxurious city folk will buy them to show off – of course they will be buying a rather large vehicle when they only need a car, which would be a terrible environmental statement to make.

  4. Wait until you install an Electric Heat Pump in your home rather than Natural Gas or Propane…

    More $$$ to Install
    More $$$ to Run
    More $$$ to Repair

    They Suck! (right out of your Hydro Meter)

  5. “There’s a sucker born every minute.”
    (dead white guy … or Ford Executive)

    mortem tyrannis
    izlamo delenda est …

  6. Subsidize something and the consumer price goes up. Health care, education and housing are a few of the many examples.

  7. I know a mouse, and he hasn’t got a house
    I don’t know why I call him Gerald
    He’s getting rather old, but he’s a good mouse

    I don’t buy him anything … Chasten shoves him up my bum …

  8. If you’re idiot enough to buy an electric truck and try to use it like a real one, bait and switch on the price is the LEAST of the ways you’re gonna be ripped off…

    …also, heard a commercial from an electrician hawking 400 amp RESIDENCIAL service conversions so you could have a fast charger in your house. Typical house service is 100-200 amp.

    Got an extra $4k for that?

  9. Future News Announcement in the year 2050: New fangled invention called the Internal Combustion Engine promises lighter weight and longer distances than conventional EVs!

  10. So now the sanctimonious enviro-hypocrites will be blocking the left lane on the freeway with their big pickemup EV trucks!

    Have you noticed that left lane bandit Tesla punks don’t use turn signals because it reduces their range?

  11. Remember back at the beginning of the Covid panic, some enterprising dude stockpiled a storage unit with toilet paper before the supply went down and the price went up. He was accused, and maybe prosecuted for “profiteering “. Why doesn’t the same law apply to Ford and Tesla (who also raised the sticker by 10k)?

    It’s a rhetorical question. I know the answer.

  12. Well, I’m not going to need to worry about it, Like the Toby Keith song say, “I like my truck, I like your girl friend”

    I’ll stick with my diesel fuck you very much.

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  14. Even more fun is in some of the paperwork.
    If you try to claim any rebates/credits, etc., you could be signing away your right to sue should that battery catch fire.

  15. The 21st century Henry Ford will be the person who builds a $15,000 ev with a 350 mile range and. 5 min full recharge.

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