Ford Hikes EV Truck Prices As Material Costs Soar ...Middle East

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Ford Hikes EV Truck Prices As Material Costs Soar
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Ford Motor Company is the latest automaker to announce a price hike for its electric vehicle (EV) due to "significant material cost increases and other factors."  The Detroit automaker adjusted the MSRP on the F-150 Lightning for the first time since it was revealed in the spring of 2021. Since then, industrial metal prices for batteries, including nickel, manganese, cobalt, and lithium, have jumped, forcing the automaker to raise the new EV truck prices by up to $7,000, depending on the model.  F-150 Lightning's new MSRP is now between…

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