Ford Motor Co has raised the price of the cheapest variant of its F-150 Lightning electric truck by 9% to $55,974, the company's website showed on Thursday, Trend reports with reference to Reuters.
The automaker has raised prices for its electric pickup trucks twice in a span of three months, as it navigates higher costs and supply chain snags.
Automakers across the globe, including Tesla Inc and Rivian Automotive Inc are also struggling with higher prices of raw materials such as lithium and have warned that high costs were here to stay.