Ford follows Tesla’s lead, cuts prices on Mustang Mach-E
Enlarge / It's not been designed to be a Nurburgring taxi, but switch the Mach-E GT Performance Edition into Unbridled Extend if you're going to autocross it. (credit: Ford)
If you've been on the fence about buying a new Ford Mustang Mach-E, good news: Ford has dropped prices across the lineup of its first battery-electric vehicle. At the low end, there's a $900 drop on the RWD standard-range base model, listed at $45,995. At the other end is a $5,900 decrease for the GT Extended Range, which now carries a $63,995 MSRP.
In addition to the price cuts, Ford will also increase production of the Mustang Mach-E. The carmaker now plans to build 130,000 BEVs for the North American and European market, a massive increase from the previously planned 78,000. The production increase will in turn decrease wait times for new cars, a sticking point for drivers ready to trade hydrocarbons for electrons. Those who have already ordered new BEVs from Ford will get the lower prices as well.
| 2023 Mustang Mach-E | Former MSRP | Updated MSRP | Change |
|---|---|---|---|
| Select RWD Standard Range | $46,895 | $45,995 | $900 |
| Select eAWD Standard Range | $49,595 | $48,995 | $600 |
| California Route 1 eAWD Extended Range | $63,575 | $57,995 | $5,580 |
| Premium RWD Standard Range | $54,975 | $50,995 | $3,980 |
| Premium eAWD Standard Range | $57,675 | $53,995 | $3,680 |
| GT Extended Range | $69,895 | $63,995 | $5,900 |
Ford's move comes just two weeks after Tesla discounted some of its models by as much as 20 percent. At the bottom of the lineup, the Model 3 RWD is now $43,990-$3,000 cheaper than it was last year. The Model Y has been heavily discounted as well, with the Long Range and Performance models seeing a $13,000 discount.