Ford Motor Co. is raising the starting price of its all-electric truck for the second time in recent months.
The new price tag for the 2023 F-150 Lightning Pro is $51,974, the company said. The increase is expected to affect only the Pro, its most affordable trim level.
Customers who have current orders with Ford /zigman2/quotes/208911460/composite F -3.46% won’t be affected by the price increase.
The Dearborn, Mich., auto maker said supply-chain problems, rising material costs and market factors were the main reasons for the increase in price.
Ford raised prices for all models of its F-150 Lightning truck in early August, less than four months after it began shipping the pickup to dealerships. At that time, the price for the F-150 Lightning Pro was $46,974.
Also popular on WSJ.com: