Ford F-150 Lightning shoppers can save up to $15,000 with new incentive
If you’ve been eyeing Ford’s electric truck, this could be the time to make a move. Ford is offering up to $15,000 off the F-150 Lightning with a new incentive.
Ford offers new F-150 Lightning incentive
Ford introduced the new Lightning incentive last week, offering up to $7,500 for buying or leasing. This means you can take advantage of up to $15,000 in savings.
On Ford’s website, the 2023 F-150 Lightning Platinum trim features a $7,500 retail purchase incentive or an equal amount in Red Carpet Lease customer cash.
The Lariat also features a $7,500 incentive for purchasing but only $5,000 for leasing. Ford is offering $1,500 off the XLT model for leasing or purchasing, while the Pro has no incentive.
According to auto research platform CarsDirect, this is the largest discount offered on Ford’s electric truck. When the Lightning was first introduced, there were no deals available. Meanwhile, Ford was pushing for balloon financing with its Ford Options Plan.
Ford said in April the F-150 Lightning is eligible for the full $7,500 tax credit. Although the Platinum trim is over the $80,000 threshold, you can still save up to $15,000 combined on the loaded Lariat model. The incentives will run through January 2.
The new deals come as Ford looks to increase output into the end of the year. Ford sold 3,503 electric pickups between July and September, down 45% from last year.
Ford told Electrek last month that “F-150 Lightning production is starting to ramp after a six-week shutdown to expand the Rouge Electric Vehicle Center with limited deliveries across July and August.”
The automaker’s capacity seems to be picking up after introducing significant price incentives. Ford also introduced a new “Flash” trim for 2024 that hits the “sweet spots” with 320 miles of range, a loaded tech interior, and a heat pump, starting at $69,995. The Flash pulls features from the XLT and Lariat, combining them into one package for the right value.
Are you ready to take advantage of Ford’s best deal on the F-150 Lightning so far? You can use our link to reach out to find your electric truck at a great price near you today.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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