Ford is cutting the price of the 2026 F-150 Lightning by up to $4,000, as confirmed by the automaker to CarsDirect. The price cuts vary by trim, however, and will only apply to more expensive packages for the electric pickup truck. This comes as the $7,500 EV tax credit expired at the end of September.The 2026 model has a starting price of $63,345 for the STX trim, which is the same price as the previous year's entry-level XLT. The STX replaces the XLT and delivers 536 horsepower, up from the XLT's 452, and 290 miles of range, up from 240.The Flash edition will receive the full $4,000 price cut, giving it a new price of $65,995. The Lariat, originally priced at $76,995, will get just a $2,000 haircut and will sell for $74,995. The Platinum edition will be priced at $84,995 and will not cost less.This summer, Ford announced that it would release an affordable midsize all-electric pickup with a starting price of around $30,000 in 2027. The truck would be built on the company's upcoming Ford Universal EV Platform that will be shared by a new family of products. These models would use Ford's upcoming prismatic LFP batteries.As EV-related tax incentives continue to expire, manufacturers will need to reach into their own pockets to deliver value to consumers. This week Tesla announced the Model 3 and Model Y 'Standard' editions, which give up some luxury touches in exchange for price, with both starting at under $40,000. Inflation has also played a large role in car pricing over the last five years, as $40,000 has roughly the same purchasing power as $32,000 in 2020.This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/ford-is-cutting-the-price-of-the-2026-f-150-lightning-by-up-to-4000-144241504.html?src=rss