The Cheapest Ford Electric Cars, Trucks, And SUVs For 2024


Ford has emerged as an EV underdog in the past few years, releasing models ranging in price, specs, and overall performance ability. Up until now, the brand sees itself slowly growing its electric powertrain options, with SUVs, trucks, and even work vehicles now swapping out gasoline for charging systems.



For 2024, though, it’s worth mentioning Ford has great options for you in the EV space, especially with its Mach-E lineup and F-150 Lightning truck. Although not all of these will necessarily be “cheap” in their higher trims, compared to much of the electric car market, Ford does tend to fall into the middle ground regarding its pricing.

In this post, we’ll cover the electric models Ford currently offers to you, as well as rank them from most to least expensive. Remember, you still get a federal tax credit for Ford models, so your savings may outweigh the initial cost of making the big electric dive! It’s the year of electric cars, and with Ford, you don’t have to break the bank. Let’s dive in.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from Ford and other authoritative sources, including Car and Driver and Motor Trend. The Models below have been ranked based on their starting MSRP.

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1 2024 Ford F-150 Lightning

Starting MSRP: $54,995

One of the more affordable EV pickup trucks on the market from Ford is the F-150 Lightning. Debuting in 2022, this model has become a top choice because of its price and quality. Inside a 2024 version of this EV pickup, you have a 98-131 kWh lithium-ion battery boasting between 240 and 300 miles of range per full charge.

There are five unique trims to choose from this year as well: Pro, XLT, Flash, Lariat, and Platinum. You can expect your top-performing F-150 Lightning to be the Lariat and Platinum trim levels. Ford has generally been a middle-ground price point for gas and electric model shoppers, although some of its EV pricing may surprise you (in a good way).

What’s New For 2024?

2022 Ford F-150 Lightning Alaska testing
Ford

This model year sees a few changes, with the most noticeable ones being the newly-introduced Platinum Black special edition, which offers the Lightning in a matte-black wrap plus dark 22-inch wheels, a dark grille, and matching badging.

Moreover, we get the ‘Flash’ trim added to the F-150 Lightning family, offering you top-line technology bundled in an affordable package that includes the larger 15.5-inch infotainment screen and Ford’s Blue Cruise driver-assistance feature. Ford has also been running continued deals on its electric pickup truck, as sales have slowed in favor of hybrids, so that’s good leverage when you arrive at the dealership.

Trims Breakdown

Highlighted Feature

Price

Pro

98 kWh lithium-ion battery, 462 horsepower, and 240 miles of range.

$54,995

XLT

98 kWh lithium-ion battery, 462 horsepower, and 320 miles of range.

$64,995

Flash

131 kWh lithium-ion battery, 580 horsepower, and 320 miles of range.

$73,495

Lariat

131 kWh lithium-ion battery, 580 horsepower, and 320 miles of range.

$79,495

Platinum

131 kWh lithium-ion battery, 580 horsepower, and 300 miles of range.

$84,995

(Table data sourced from Ford)

Performance Specs

Motor

Dual electric motor

Transmission

Four-speed automatic

Horsepower

462 to 580 horses

Torque

775 pound-feet

Driveline

All-wheel drive

0-60 MPH

4.2 seconds

Top Speed

~107 MPH

Towing Capacity

5,000-8,500 pounds

Payload Capacity

1,657 to 2,235 pounds

(Table data sourced from Ford and MotorTrend)

Again, for what you’re getting, the 2024 Ford F-150 is a great choice for those wanting something luxurious-feeling but not necessarily overly priced in lower trims.

Pros

  • Quicker than the 700-horsepower Raptor R in 60 MPH testing.
  • Spacious cabin and impressive passenger seating.
  • Resembles the gas-version of F-150.

Cons

  • Higher trims, like Platinum, don’t offer the best range.
  • Lower than expected towing range.
  • Higher MSRP in deluxe trims than the previous gen.

2 2024 Ford E-Transit

MSRP: Starting from $51,490

The next step closer to Ford’s cheapest electric model this year is the 2024 E-Transit cargo van. Not only has this been a longtime favorite for companies and laborers, but the E-Transit continues to evolve into the next generation of true work-friendly EV design.

Boasting a 68.0-kWh lithium-ion battery that’s good for up to 126 miles of driving, the E-Transit is a nice choice for short-distance cargo and travel. You also have other models on the market that aren’t quite as passenger-friendly compared to the Ford E-Transit, so this is great for small businesses relying on it for everyday work.

What’s New For 2024?

2024 Ford E-Transit driving
Ford

The Ford E-Transit doesn’t see many changes in 2024, as it’s a carryover model. There are some minor upgrades, though, including a keyless entry and start system standard across the board. You also see updated headlamps with HID bulbs.

This model builds on the gas-powered Transit, so you can expect them to be very similar from a design standpoint. You’re not getting quite as many miles per charge as the Lightning or Mach-E with the E-Transit, but for shorter-distance travel, it should be sufficient.

Trims Breakdown

Highlighted Features

Price

Cutaway

68.0-kWh lithium-ion battery, 266 horsepower, and 126 miles.

$48,090

Chassis Cab

68.0-kWh lithium-ion battery, 266 horsepower, and 126 miles.

$48,590

Cargo Van

68.0-kWh lithium-ion battery, 266 horsepower, and 126 miles.

$53,585

Table data sourced from Car and Driver

Performance Specs

Motor

Single electric motor

Transmission

Single-speed automatic

Horsepower

266 horses

Torque

317 pound-feet

Driveline

Rear-wheel drive

(Table data sourced from Ford and Car and Driver)

Although this is more of a work vehicle, the Ford E-Transit is a nice, affordable choice for business owners and contractors. We recommend upgrading to the Cargo Van trim for better passenger space and item storage.

Pros

  • Class-leading affordability
  • Similar specs across the board
  • Good for short-term travel

Cons

  • Doesn’t go far enough for many
  • Needs to charge for extended periods
  • Non-cargo van models may feel cramped

3 2024 Ford Mustang Mach-E

Starting from: $43,495

The cheapest Ford EV you can start with in 2024 is the ever-loved Mach-E SUV. What makes this model shine is its affordability, versatility, and sleek design. Often compared to the Tesla Model Y, the Mach-E follows the Mustang nameplate, offering speed, range, and performance for days. You can expect a 91 kWh 404 V lithium-ion battery inside your vehicle, plus 226 to 312 miles on a full charge. The Mach-E also continues to be a nice alternative to models like the Tesla Model Y and the Fisker Ocean, often feeling sexier to drivers. There’s just something about it that people are obsessed about.

What’s New For 2024?

A Grabber Blue Ford Mustang Mach E GT at speed on the road.
Ford

2024 brings a much more adventurous tone to the Ford Mach-E lineup with the newest ‘Rally’ trim. This selection brings a variant aimed at light off-road capability, as well as sportier detailing on the exterior. Moreover, the newest-gen Mach-E boasts aggressive rubber tires as standard, and by spring of this year, you’ll be able to use Tesla Superchargers in your Mach-E. This makes shopping for EVs from Ford all the more easy, as well as opening the door to longer-distance travel. It’s a win-win!

Trims Comparison

Highlighted Features

Price

Select

70-91 kWh 404 V lithium-ion battery, 266-290 horsepower, 226 miles

$43,495

Premium

70-91 kWh 404 V lithium-ion battery, 266-290 horsepower, ~250 miles

$46,995

California Route 1

91 kWh 404 V lithium-ion battery, 266 to 346 horsepower, 312 miles

~$56,000-$58,000

GT

91 kWh 404 V lithium-ion battery, 480 horsepower, 224 miles

~$62,000

Rally

91-kWh 404 V lithium-ion battery, 480 horsepower, 250 miles

~$65,000

GT Performance Edition

91 kWh 404 V lithium-ion battery, 480 horsepower, 270 miles

~$65,000+

Table data sourced from Car and Driver and Motor Trend

Performance Specs

Motor

Single or dual electric motor

Transmission

Single-speed automatic

Horsepower

226 to 480 horses

Torque

317 to 428 pound-feet

Driveline

AWD or RWD

0-60 MPH

3.5 seconds

Top Speed

114-120 MPH

(Table data sourced from Ford and Car and Driver)

As your “cheapest” option in Ford’s current electric lineup, the Mach-E stands as a sexy, fast, and capable SUV option for single riders or families. Your best range is in the higher trims, although most people are perfectly happy in base ‘Select’ or ‘Limited’ models.

Pros

  • GT trims are Tesla-quick
  • Competitive range for its segment
  • Stylish design inside and out

Cons

  • Not as fast as traditional Mustang models
  • Could use greater range in standard trims
  • GT pricing is steep



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