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Ford will open up orders for the next wave of F-150 Lightning reservation holders this Thursday, but those buying the electric pickup as of this week will need to dig deeper in their pockets. The automaker is bumping up the prices by between $4,200 and $8,900, depending on the trim. It cited "significant material cost increases and other factors" as reasons for the adjustments.

“Current order holders awaiting delivery are not impacted by these price adjustments,” Model E chief customer officer Marin Gjaja said in a statement. “We’ve announced pricing ahead of re-opening order banks so our reservation holders can make an informed decision around ordering a Lightning.” Those who have a reservation and already received an invite order but chose to wait for their preferred configuration to be available will "receive a private offer for use in upcoming waves," Ford said.

The base F-150 Lightning now costs $46,974 (up by $7,000) and the standard mid-range XLT is $59,474, which marks an increase of $6,500. At the higher end of the scale, Ford bumped up the price of the Platinum Extended Range by just over $4,000 to $96,874. The biggest increase, per The Verge, is for the Lariat Extended Range, which has jumped up by $8,900 to $85,974. Those prices don't include the delivery fee.

As somewhat of a makegood for the price increase, models with the standard-range battery will have a target EPA-estimated range of 240 miles, an increase of 10 miles per charge. That battery is available for the Pro, XLT and Lariat trims. Ford is also adding Pro Trailer Hitch Assist tech, which it says will make it easier for drivers to hitch trailers thanks to automatic steering, throttle and brake controls. It's available as part of the Tow Technology Package on Pro, XLT and Lariat trims and as standard on some Lariat trims and the Platinum trim.

Ford is changing up the color options too. Avalanche Gray and Azure Gray metallic tri-coat options will replace Atlas Blue, Ice Blue Silver and Smoked Quartz Metallic. Those will not be available on models it builds as of this fall.

The automaker temporarily capped reservations at 200,000 last December, after receiving enough to fill three years of production capacity. Ford began making the F-150 Lightning in April and it started deliveries the following month. It has sold more than 4,400 to date. Starting in 2023, the company aims to produce 150,000 units per year at a plant in Dearborn, Michigan.