Key Takeaways
- Ford reduces prices on the 2026 F-150 Lightning by up to $4,000 to boost sales following the EV tax credit expiration.
- The new STX model offers 290 miles of range, replacing the former XLT model.
- Substantial saving incentives are available for both the 2025 and 2026 F-150 Lightning models in select states.
2026 Ford F-150 Lightning Price Adjustments
Ford is implementing a price reduction of up to $4,000 on the 2026 F-150 Lightning to address declining demand following the expiration of the federal EV tax credit. This strategic move aims to sustain momentum as the electric pickup market evolves.
Recently, Ford reclaimed its title as the leading electric pickup seller in the U.S., surpassing the Tesla Cybertruck. In the third quarter, Ford reported sales of over 10,000 Lightnings, nearly double the approximately 5,400 Cybertrucks sold during the same period. Year-to-date figures reveal Ford has sold over 23,000 Lightnings, while Tesla’s sales stand at only 16,097—an approximate 38% decrease from the previous year.
In light of the tax credit expiration, Ford’s spokesperson, Martin Günsberg, confirmed that the 2026 F-150 Lightning Flash trim will see a $4,000 price drop, bringing its price down to $65,995. The Lariat trim will also be discounted by $2,000, now starting at $74,995, as the company adapts to market challenges. The 2026 Platinum trim remains unchanged at $84,995.
Ford is introducing a new STX model for 2026, starting at the same price as the previous XLT model, $63,345, but offering an improved range of 290 miles powered by a 123 kW extended range battery. This is an increase from the 240 miles delivered by the XLT, which featured a smaller 98 kWh battery.
In addition to the price adjustments, Ford has incorporated enhancements from the F-150 parts inventory, adding off-road features like Tremor running boards and new wheels to the Lightning STX.
Despite foregoing plans for a program to extend the $7,500 EV tax credit, Ford is still providing significant savings opportunities. In California and other zero-emission vehicle (ZEV) states, the 2025 F-150 Lightning STX is eligible for up to $11,500 in savings, which includes a $9,000 lease cash bonus and an additional $2,000 Ford Power Promise cash incentive. Ford is also offering 0% APR financing for 72 months plus a nationwide $2,000 Power Promise bonus.
With the 2026 model on the horizon, Ford is also facilitating attractive leasing options for the 2025 F-150 Lightning XLT, which can be leased starting at $279 per month in California. This approach ensures that consumers continue to have enticing options amidst changing incentives.
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