Amazing EV Price Drops at Now Happy Tesla?

According to Motor Biscuit, the prices on used F-150 Lightnings is dropping, so we decided to take a look. We priced a new Lightning and with the same packages it came out to a list price of $64,569 using the Ford Official Truck Build web page.

We also looked for a used 2022 model east of the Mississippi and found one with 8,800 miles on it for $58,500 with the same max trailer tow package (8,200 miles). For a truck that should go 200,000 miles on the battery, this would come out to .3050 per mile vs. .3179 for the new truck, or a tiny savings. So we are skeptical about the savings on used lightning trucks.

Expected Battery Life

We asked Bard about the expected battery life for a Ford Lightning. Bard says:

The expected battery life on the Ford Lightning is 8 years or 100,000 miles, whichever comes first. The battery is covered by a warranty that guarantees it will retain at least 70% of its original capacity during that time.

In reality, the battery is likely to last much longer than that. There are many examples of electric vehicles with over 200,000 miles on their original batteries. The key to long battery life is to keep the battery cool and to avoid deep discharges.

If you take good care of your Ford Lightning battery, it should last for many years to come.

Other notes,

According to a recent report by Torque News, prices for pickup trucks are starting to come down, especially for used trucks². Used truck prices trend down, and have dropped about 2.6% year over year, and 2.7% in the last 90 days³. According to Business Wire, used electric vehicle prices declined by 4% from July to August 2023, to an average of $64,306¹.

(1) Used Pickup Truck Prices May Drop Dramatically as Recession Hits. Accessed 4/17/2023.
(2) Used Pickup Truck Prices Are Finally Dropping (a Little Bit). Accessed 4/17/2023.
(3) Used Car Prices Are Falling. Is a Market Crash Coming?. Accessed 4/17/2023.
(4) Used Car Prices Are Falling. Is a Market Crash Coming?. Accessed 4/17/2023.
(5) It’s Not 2022 Anymore: Massive Drop For ‘Slightly Used’ 2023 EV Prices …. Accessed 4/17/2023.
(6) Electric Trucks for Sale Near Me | Accessed 4/17/2023.

Tesla Price Drops

Tesla has announced several price decreases for its models in recent months. The most recent price cuts were announced on April 7, 2023, and affected all of Tesla’s models. The price cuts ranged from $1,000 to $5,000, depending on the model.

Here is a summary of the price decreases:

  • Model S: $5,000
  • Model X: $10,000
  • Model 3: $1,000
  • Model Y: $2,000

These price cuts are part of Tesla’s ongoing effort to make its electric vehicles more affordable. Tesla CEO Elon Musk has said that he wants to make Tesla cars “affordable for everyone.”

The price cuts are also likely a response to increasing competition in the electric vehicle market. Several other automakers, such as Ford and Volkswagen, are now producing electric vehicles. These automakers are offering their electric vehicles at a lower price than Tesla.

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