Tuesday, December 7, 2021

Ford increases F-150 Lightning production target to over 80k / year by 2024

If you were planning to buy a Ford F-150 Lightning then we have good news for you. Ford has doubled the production target for the F-150 Lightning to over 80,000 vehicles annually in 2024. The all-electric pickup truck which has received about 120,000 customer reservations since its launch earlier this year. Ford appears to be expecting even more demand in the future.

Ford is looking to spend an additional $850 million to meet its updated production target, according to individuals and suppliers familiar with the automaker’s plans. Prior to its revised target, Ford was looking to produce over 40,000 F-150 Lightnings in 2024. “They were pleasantly surprised by the demand for the Lightning,” one of the sources noted in a statement to Reuters

The apparent demand for the Ford F-150 Lightning bodes well for the electric vehicle revolution as a whole. Ford noted that the demand for the Lightning Model has been very encouraging.

Ford F-150 Lightning 2022 Model

“We are excited with customer demand for the F-150 Lightning and already have 120,000 customer reservations, and we will continue to look for ways to break constraints and meet customer demand,” Ford said in a statement. 

With its updated production plans, Ford now intends to build 15,000 F-150 Lightnings in 2022. This number is expected to increase to 55,000 annually in 2023, before ramping to over 80,000 in 2024. While these numbers are still quite conservative compared to the production goals of some other EV makers like Tesla, some of Ford’s suppliers have begun to express their reservations nonetheless. 

Ford reportedly intends to launch a second-generation F-150 Lightning in late 2025. But this time, the vehicle would be built on the company’s TE1 truck architecture. In comparison, the first-generation Lightning is built on a platform that is heavily based on the conventional F-150.

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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