The Ford F-150 Lightning is the Blue Oval’s first-ever electric pickup truck. Since many consider the F-150 to be America’s favorite pickup truck, there’s a lot riding on the success of the electrified version. The F-150 Lightning comes with plenty of perks. How much does it cost to recharge the impressive electric pickup truck?
How much does it cost to recharge a Ford F-150 Lightning?
The Ford F-150 Lightning offers 230 miles of standard driving range. Some upper trim level models can travel for a whopping 300 miles. The F-150 Lightning has ample range for most drivers, but what about charging costs?
One of the main reasons that American drivers consider making the switch from gas-powered vehicles to EVs is the cost of fuel. It’s much cheaper to recharge EVs than it is to refuel internal combustion engine vehicles.
According to InsideEVs, it costs approximately $1,107 a year to recharge the Ford F-150 Lightning based on today’s electricity prices. This works out to just $92.25 a month or $23.06 every week. In comparison, it costs about $4,333 a year to refuel the Ford F-150 gas-powered pickup. That works out to $361.08 a month or $90.27 a week. That’s over three times the cost of recharging the F-150 Lightning.
So, if you choose an F-150 Lightning over an F-150, you end up saving $3,226 a year on fuel costs. ISeeCars.com claims that drivers keep the average new vehicle for 8.4 years. That equates to $27,098 in savings if you switch from a gas-powered F-150 to the F-150 Lightning.
Should you buy a Ford F-150 Lightning instead of a Ford F-150?
The Ford F-150 may be America’s favorite pickup truck, but the F-150 Lightning could easily become America’s most practical pickup truck. Its electric powertrain allows for more unique standard features than the F-150 base model.
The 2022 Ford F-150 starts at $30,870. The 2022 Ford F-150 Lightning starts at $39,974 ,but it’s currently eligible for a $7,500 electric vehicle tax credit. This brings its starting price closer to just $32,474. That’s only a $1,604 increase from the price of the gas-powered F-150. No wonder the Lightning quickly amassed over 200,000 reservations.
The F-150 Lightning is a steal once you factor in the EV tax credit, but this incentive won’t last forever. It will be gradually phased out over time as automakers hit sales thresholds.
The Ford F-150 Lightning is tough to buy
If you didn’t reserve the Blue Oval’s innovative electric pickup truck, chances are you won’t get the opportunity to buy one anytime soon. Ford’s struggle with the supply chain is well-documented. The entire industry is struggling to meet demand and keep prices at bay as the economy takes massive hits.
It could be a while until there’s another opportunity to buy an F-150 Lightning. When that opportunity presents itself, you may purchase the model directly from Ford, as the company has expressed several grievances with dealership price gouging.
Read about why the F-150 Lightning could be the best new electric pickup truck in the next article below.