In brief: Ford has announced plans to nearly double the production chapters of its all-electric F-150 Lightning to see soaring demand. Manufacturing isn't set to get under way until this spring, but Ford volition go ahead with converting reservations to orders subsequently this week.

Ford unveiled the new Lightning in May 2022, conveying on the legacy of the functioning-minded pickup for a tertiary generation. The original SVT Lightning was produced from 1993 to 1995, with the 2nd-gen debuting in 1999 and lasting until 2004.

Similar its namesakes, the all-electric Lightning is big on performance. Ford is shooting for 563 horsepower and 775 lb.-ft. of torque, which should exist good plenty to propel the Lightning from 0-60 mph in around 4.v seconds.

Ford starting accepting reservations presently after the unveiling simply reportedly had to suspension the process in December due to surging demand. Beginning Jan 6, the automaker will start converting reservations into orders. Production is set to begin this jump with pricing starting at $39,974 before any federal tax incentives.

Ford said it aims to button production capacity to 150,000 vehicles per twelvemonth at its manufacturing plant in Dearborn, Michigan, simply didn't say how long it would take for production to reach the target rate.

The automaker also recently said information technology will increase product of its Mustang Mach-E, which is expected to striking 200,000+ units by 2023. Within 24 months, Ford hopes to have the capacity to plough out 600,000 bombardment electric vehicles annually. New manufacturing campuses being congenital in Tennessee and Kentucky will no dubiety be instrumental in achieving that goal.