On Wednesday, U.S. automaker Ford Motors announced significant changes to the pricing of its electric F-150 Lightning models.
Ford has raised the cost of the 2024 model of entry-level Pro F-150 Lightning to $54,995 from the $49,995 price of the 2023 iteration.
Likewise, the luxury Platinum Black F-150 Lightning price was slashed from $97,995 for the 2023 model to $92,995 for its 2024 model.
The pricing changes come just weeks after Ford announced it’s slashing the planned production of its F-150 Lightning models in half.