Ford F-150 Lightning (XLT Extended Range) vs Ford F-150 (XL gas, 2.7L EcoBoost): 5-year cost to own (Canada)

By Ivan H., EVCostIQ · reviewed against our public methodology · every source dated on this page

Over 5 years in Canada (15,000 km/yr), as of July 2, 2026, the Ford F-150 (XL gas, 2.7L EcoBoost) stays the cheaper car to own — about $69,051 vs $82,144 for the Ford F-150 Lightning (XLT Extended Range), a $13,093 difference over 5 years.

Canada EVAP: up to $5,000 off an eligible new EV ($2,500 PHEV); Quebec / BC may add more. Shown for reference; not in the totals above. Source: Transport Canada.

Cheaper to own over 5 years · CanadaFord F-150 (XL gas, 2.7L EcoBoost) · $69,051 total · $13,093 less than the Ford F-150 Lightning (XLT Extended Range)

Ford F-150 Lightning (XLT Extended Range) vs Ford F-150 (XL gas, 2.7L EcoBoost) — where the money goes

5-year total cost of ownership by component, by vehicle (CAD). Estimates; sources dated in the methodology.
Cost component	Electric · Ford F-150 Lightning	Gas · Ford F-150
Depreciation (estimated)	$43,497 (53%)	$27,399 (40%)
Charging / fuel	$5,704 (7%)	$14,489 (21%)
↳ of which charging loss	12% (~$684)	—
Maintenance	$3,248 (4%)	$5,873 (9%)
Insurance	$15,655 (19%)	$11,445 (17%)
Financing interest	$13,540 (16%)	$9,345 (14%)
Registration & fees	$500 (1%)	$500 (1%)
Total cost of ownership	$82,144	$69,051

When does the Ford F-150 Lightning (XLT Extended Range) win?

The Ford F-150 (XL gas, 2.7L EcoBoost) wins decisively here — $13,093 cheaper over 5 years; at typical assumptions this isn't a close call.

Only heavy drivers flip this one: the Ford F-150 Lightning (XLT Extended Range) needs more than about 32,000 km/yr to beat the Ford F-150 (XL gas, 2.7L EcoBoost). A longer hold also changes it: keep the car past 14 years and the Ford F-150 Lightning (XLT Extended Range) comes out ahead.

What decides the Ford F-150 Lightning (XLT Extended Range) vs Ford F-150 (XL gas, 2.7L EcoBoost) verdict

One line outweighs everything else here: depreciation. It costs $43,497 on the Ford F-150 Lightning (XLT Extended Range) against $27,399 on the Ford F-150 (XL gas, 2.7L EcoBoost) — a $16,098 swing to the Ford F-150 (XL gas, 2.7L EcoBoost), bigger than the $13,093 that separates the two 5-year totals. On the Ford F-150 Lightning (XLT Extended Range), depreciation alone is 53% of its $82,144 total; on the Ford F-150 (XL gas, 2.7L EcoBoost) it is 40% of $69,051.

Energy: $5,704 of charging for the Ford F-150 Lightning (XLT Extended Range) vs $14,489 of gas for the Ford F-150 (XL gas, 2.7L EcoBoost) — $8,785 the other way, to the Ford F-150 Lightning (XLT Extended Range).
Insurance: Ford F-150 Lightning (XLT Extended Range) $15,655, Ford F-150 (XL gas, 2.7L EcoBoost) $11,445 — $4,210 more in the Ford F-150 (XL gas, 2.7L EcoBoost)'s favor.
Financing interest: Ford F-150 Lightning (XLT Extended Range) $13,540, Ford F-150 (XL gas, 2.7L EcoBoost) $9,345 — $4,195 more in the Ford F-150 (XL gas, 2.7L EcoBoost)'s favor.

Energy is the Ford F-150 Lightning (XLT Extended Range)'s strong suit: $8,785 back, 67% of the Ford F-150 (XL gas, 2.7L EcoBoost)'s lead — just not enough to turn it. At the dealer the Ford F-150 Lightning (XLT Extended Range) starts $22,305 behind the Ford F-150 (XL gas, 2.7L EcoBoost); running costs claw back $9,212 of that, but the Ford F-150 (XL gas, 2.7L EcoBoost) still ends $13,093 ahead. The Ford F-150 (XL gas, 2.7L EcoBoost) is ahead by $5,603 after the first year and more than doubles that lead — $13,093 by year 5.

Ford F-150 Lightning (XLT Extended Range) vs Ford F-150 (XL gas, 2.7L EcoBoost), side by side

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