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Fortune

Chris Morris

Ford is raising the price of its F-150 Lightning electric pickup by $5,000

Ford Tesla Inc.

(Credit: Bill Pugliano—Getty Images)

The electric version of Ford’s best-selling vehicle is about to get more expensive—for some consumers.

The automaker is set to increase the price of the entry-level 2024 F-150 Lightning from $49,995 to $54,995, according to a report in The Detroit Free Press. The midrange 2024 model will see an even bigger increase, with the price jumping $10,000 to $64,995.

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