Covid-19 wreaked havoc not just on people’s personal lives but on companies and entire industries as well. The automotive industry in particular has taken a major blow as many companies have been trying to increase their production of electric vehicles.

Ford

is releasing its electric-powered truck the F-150 Lightning and the demand is astounding. Their release isn't without problems though.

Due to the chip shortage caused by the Coronavirus Ford has had to rethink their release numbers after the initial reservations came in.

We admire Ford’s pushing forward and continuing to make more vehicles despite the chip shortage.

Ford is doubling production of the F-150 Lightning

To meet the initial pre-order demand for the all-electric F-150s Ford must double their production of the truck. According to

Car and Driver

, Ford will have to spend over $850 million to double the output of the truck because of the extreme interest in the vehicle.

Ford saw over 120,000 clicks for their $100 pre-orders for the EV truck pour in shortly after the preorder was announced to be open. It is due to be released in the spring of 2022 with a 15,000 unit run.

Pressure from the U.K. and China has led to the race to create workable alternatives to internal combustion engines in order to reduce vehicle emissions.

The Ford F-150 Lightning is the second truck that has proven its power as an electric alternative for both commercial and residential users. Ford has announced that there are plans to join with South Korea to form a joint battery venture for the production and maintenance of EVs.

This will allow SK Innovation Co. to open two plants in North America and provide more jobs and more reliable batteries for the EVs on Ford's production line.

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How does the supply shortage affect Ford’s plans?

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Reuters

reported that the production doubling of the F-150 Lightning for 2024 is mainly based on the pre-orders received after the truck's reveal in May 2021. However, the EV truck has met some unfortunate situations.

A global semiconductor shortage among other supply issues has caused the production of Ford's EVs to fall behind. Ford is not the only manufacturer forced to make numerous supply requests and production cuts due to the ongoing microchip shortage and global supply chain issues.

Ford has reportedly resorted to manufacturing the trucks without the microchips and parking them until shipments come in. Parking lots in Metro Detroit are full of the F-150 pickups waiting for their chips to be sourced and installed.

Despite the chip shortage and production falling behind, Ford still maintains an advantage over other electric trucks in the power behind the company’s brand, the popularity of the F-Series in general, and the vehicle’s affordability.

2022 Ford F-150 Lightning

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According to

Ford.com

the 2022 Ford F-150 Lightning comes with many new features. One of these features includes Ford’s "Intelligent Backup Power" which connects to your home to either charge the truck or power your home during an outage.

You will be able to connect your phone to monitor the truck's condition and power level. With a minimum range of 250 miles and a premium range of 300 miles working on the road won't be a problem.

Impressive interior features, like the 15.5-inch touchscreen, connect you to the powerful electric engine.

Don't let the electric engine fool you, it's powerful enough to perform under pressure with its smart hitch and weight scales. Ford also made backing up easier for many with its trailer backup assist and reverse guidance.

Shipments begin in the spring of 2022 so if you want to preorder the F-150 Lightning an entry model starts at $39,974 MSRP, and the midsize at $52,974.

Once you preorder the Ford F-150 Lightning, look into the insurance rates for your new EV.

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can help you obtain the best and budget-friendly insurance for your new purchase. Allow its AI-powered app to search over 50 companies and help you switch.

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Written By

Serena Aburahma · Expert Insurance Writer

Serena has a BA in Honors English Literature from California State University, Northridge. She has worked as an editor and writer for several years and has had various forms of content published in magazines, websites, anthologies, and more. Serena calls herself a modern "Renaissance woman" since she has a hunger for learning and strives to succeed in many fields. During her free time Serena enjoys acting, singing off-key to songs in the car, and working on her novel.

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