Ford hiked the price of its electric F-150 Lightning by up to $8,500 due to 'significant material cost increases'

After pausing orders late last year, Ford is about to start taking new orders for the F-150.

Ford said the model will cost up to $8,500 more.

The cheapest Lightning Pro truck, a basic work vehicle meant for contractors and the like, will now cost $46,970, up from just under $40,000 for the first model. The price hikes were caused by material cost increases.

The new pricing for each trim is here.

• Pro: $46,974 
• XLT: $59,474
• XLT High: $68,474
• XLT High Extended Range: $80,974
• Lariat: $74,474
• Lariat Extended Range: $85,974
• Platinum Extended Range: $96,874

The starting price for a Lightning with the Extended Range battery has been increased by over $8,000. Ford made standard range models more appealing for the 2023 model year, increasing the estimated range from 230 to 241 miles.

Ford will honor original pricing for people who placed orders before the price hikes were announced. You can order books on Thursday.

The global supply chain has been disrupted due to the war in Ukraine. The value of certain raw materials used in the production of electric-vehicle batteries has gone up.

Rivian and Lucid motors both increased their prices for their first models. "We have raised the prices of our cars to embarrassment levels," Musk said.