If you ordered a Ford F-150 Lightning and were unable to get the vehicle, you may be in luck. Ford is paying 2023 F-150 Lightning buyers $2,500 for unmet orders to switch to the 2024 model.
Ford to pay Lightning XLT buyers for unmet orders
According to a dealer’s note Thursday, Ford will give buyers who ordered a 2023 Lightning XLT that was never built a $2,500 discount off the 2024 model.
The incentive will help offset the price difference between the model years. Ford initially launched the Lightning Transition Customer Satisfaction Program in 2022 to protect order holders against price hikes this year.
Ford has continued the program in 2023. That means if you bought a 2023 Lightning XLT standard range (with Equipment Group 311A), you are eligible for $2,500 off a new lease or purchase.
The incentive helps offset the 2024 XLT’s price of $57,495 compared to $54,995 last year. No other trims are eligible for the offer.
According to online auto research firm Cars Direct, the letter said, “Eligible customers can choose to order a 24MY F-150 Lightning with priority scheduling or they can purchase or lease a 23MY from dealer stock.”
Ford is still offering big incentives on the Lighting electric pickup for those not included in the deal. The Lightning currently features up to $15,000 off in incentives.
The discount includes $7,500 in retail purchase cash plus the $7,500 EV tax credit. However, the biggest discount applies to the Lariat and Platinum trims. The XLT is eligible for $1,500 for buying or leasing.
Ford is also offering $5,000 in Red Carpet Lease customer cash on the Lariat. These are some of the most significant discounts we’ve seen from Ford so far.
|2024 Ford F-150 Lightning trim
The automaker added a new “Flash” trim (pictured above) to the 2024 Lightning lineup. Ford says the new model hits the “sweet spots” with 320 miles range, a tech-loaded interior, and a heat pump, starting at $69,995.
All 2024 F-150 Lightning trims qualify for the EV tax credit except the Platinum (it exceeds the IRA’s $80K threshold).
For those not eligible for the incentive, we can still help you find some of the lowest prices on Ford’s electric pickup. You can use our link to find great deals on a 2024 or 2024 Ford F-150 Lightning near you today.
Italy is putting a big hybrid floating solar–floating wind farm in the sea
A 540-megawatt (MW) hybrid floating solar–floating wind farm is going to be developed off Italy’s southern coast, in the Ionian Sea.
Dutch-Norwegian offshore solar company SolarDuck, Italian investment fund Arrow Capital, and Italian developer New Developments are jointly developing the Corigliano project, which will be in the Gulf of Taranto off the Calabrian coast of Corigliano-Rossano:
SolarDuck is a spin-off of Damen Shipyards, a major shipbuilder in the Netherlands. It’s tapped into that knowledge to design elevated solar platforms made of offshore-grade aluminum that sit 10 feet (3 meters) off the water to withstand rough waters. The elevation also reduces salt deposits on the solar panels. (Floating solar farms on lakes and ponds tend to sit directly on the water.)
The triangular floating platforms are modular, so they can be connected to form large plants. Plus, the platforms have slip-resistant walkways and fences for access and maintenance.
The hybrid floating solar–floating wind farm will feature 420 MW of offshore wind and 120 MW of floating solar. It will have 28 floating wind turbines, but SolarDuck’s announcement doesn’t indicate who is developing them. We’ve reached out to SolarDuck for details and will update when we hear back.
The Corigliano hybrid floating project is expected to come online in 2028.
SolarDuck is running an up to three-year 5 MW pilot with multinational energy company RWE in the North Sea, 7.5 miles (12 km) from The Hague’s Dutch coast. In December, it secured €15 million in funding, and it’s going to install Japan’s first offshore floating wind farm.
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Doroni unveils production-intent H1-X eVTOL, offering personal air travel up to 120 mph [Video]
Young urban air mobility (UAM) developer Doroni Aerospace is stepping out of the shadows and into the eVTOL startup with the official reveal of its flagship aircraft – the H1-X. The two-seat eVTOL was showcased during a livestream event today and is damn close to being market-ready, touting some impressive specs.
Doroni Aerospace was founded in 2016 by Doron Merdinger – a lifelong entrepreneur with 25 years of design, manufacturing, and firm management expertise.
To bring his dreams of sustainable aviation transportation to life, Merdinger assembled a team of engineers and technicians working together to democratize flight in a growing eVTOL segment.
The result of those efforts is the HX-1, Doroni’s flagship “flying car,” better known as an electric Vertical Takeoff and Landing (eVTOL) vehicle. After years of development behind the scenes, which we at Electrek have kept close tabs on, Doroni has finally revealed the H1-X to the public, which looks pretty cool. Have a look for yourself.
Doroni hard launches with production-intent eVTOL
The eVTOL startup shared many details of the H1-X earlier today during a livestream event you can view below. While Doroni’s flagship aircraft is an eVTOL through and through, its design and use vary from several of its competitors in development.
For instance, Doroni designed the H1-X as a two-seat personal aircraft rather than the larger cabins designed for air taxi services many other companies are working on. The H1-X also features a unique tandem wing configuration, with propellers built in (less risk of decapitation!)
The company says this design feature enhances the eVTOL’s lift and efficiency compared to traditional designs, and its wing fences can better manage airflow. The ducted fans are also quieter, even when the eVTOL’s eight electric motors are revving. Doroni’s CEO spoke during the eVTOL launch event:
The H1-X is not just a vehicle; it’s a leap toward a future where freedom of movement and sustainability coexist. Our dedication to innovation, safety, and the environment is embodied in every aspect of the H1-X, marking a new chapter in transportation.
Doroni shared that the H1-X weighs 1,850 pounds, can haul a payload capacity of 500 pounds, and can fly for 40 minutes on a single charge. What’s most interesting is that the incoming eVTOL can reach a top speed of 120 mph! Hopefully, Doroni will aid in training and certifying its future owners because that’s a lot of speed for the average person.
Representatives for Doroni Aerospace told Electrek that the first several examples of the H1-X eVTOLs are currently being built and will be used for extensive test flights at the end of the year. That being said, we were told the aircraft you see below is the go-to-market product, although there may be some minor tweaks before scaled production.
The H1-X has already received FAA certification for flightworthiness in the US and is expected to enter mass production in 2026. Each eVTOL is expected to cost between $300,000 and $400,000. You can learn more from the replay of the entire reveal event below:
Fisker is talking to Nissan for a lifeline and electric pickup partnership
Nissan has been revealed as the potential savior of Fisker. The Japanese automaker is reportedly talking with Fisker to invest in the company and partner on electric pickup trucks.
Earlier today, we reported on Fisker’s disastrous fourth-quarter results showing that the electric vehicle startup lost $400 million in 2023 and it now has less than $400 million of cash on hands.
The automaker had to admit that it wouldn’t be able to continue operations past next year without a big cash injection.
It did reveal that it was talking to a “large automaker” about an investment that could save the company.
Now, Reuters reported that the automaker in question is Nissan:
Nissan is in advanced talks to invest in electric vehicle maker Fisker (FSR.N), in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations.
The deal would reportedly involve Nissan investing $400 million in Fisker. It would also involve Nissan building the Alaska pickup truck unveiled by Fisker last year at one of its US plants.
On top of it, Nissan could use the Alaska platform to build its own electric pickup truck.
Neither Nissan nor Fisker commented on the report.
Fisker’s stock dropped by more than 50% today after the release of its earnings, but the stock recovered a bit after the report that Nissan is considering investing.
The stock currently trades at a valuation of $295 million.
I’m not sure what to think about it. I’ve never been a big fan of Fisker, and I’ve warned people about investing in the company before.
If the report is true, I don’t know what Nissan sees in this. If they are behind on developing electric pickup trucks, it might be worth it for them, but I think that any significant investment would be a takeover the company.
It is now worth less than $300 million and that might be an attractive investment as a company that had $200 million in revenue last quarter in the growing EV market, but the looks are deceiving.
As I’ve highlighted before, Fisker was desperate in its previous fundraising efforts and took big convertible notes, which now add up to $1.2 billion, according to its last SEC filing.
Currently, there’s just no way Fisker can manage to pay that back and therefore, they will convert to stock and drastically dilute it for current shareholders.
So I don’t see a good outcome here other than Nissan picking the whole company up for cheap and accelerating its EV programs with it.
What do you think? Let us know in the comment section below.
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