Ford’s big price cut for 2023 Mustang Mach E follows Tesla’s price cut

of 2023 Ford Mustang Mach E Ford on Monday said it would reverse some of last year’s price increases for its popular electric crossover.

Ford will also nearly double production of its reimagined electric pony car this year, increasing production from 78,000 to 130,000 units, a Ford spokesperson confirmed. We have not reached our Mach-E sales target, but we are on the way.

A 2023 Mustang Mach-E Select with a Standard Range 70-kw battery pack drops from $900 to $45,995 (excluding destination charges), or just $600 to $48,995 with a dual motor select. Ford raised the mandatory destination fee again, in August he raised it to $200, now another $200 to $1,500.

Priced at $50,995 (destination excluded) in popular premium trim with RWD and standard range battery packs, that’s a $3,980 reduction. The Premium AWD Standard Range is priced at $53,995, which is a $3,680 reduction. All of these models qualify for the new federal EV tax credit of $7,500.

California Route 1 ($57,995) and GT ($63,995) Extended Range models are excluded because they exceed the $55,000 price threshold for cars set by the Inflation Reduction Act passed last year. The GT Extended Range model has the biggest price drop of $5,900.

Ford said it cut the Extended Range 91-kw battery pack by $1,600 to $7,000. This is optional for Premium grade. Therefore, extended range premiums are not eligible for credit.

After more than a year of consecutive price hikes on new cars, it looks like we’re seeing a price cut, at least for electric vehicles.Ford price cuts more urgent Up to 20% discount Rival electric car maker Tesla slashed the price of its Model Y crossover by about $14,000 on Jan. 13.

The impetus may have as much to do with adjusting inflation factors as it does with the clarification of new federal EV tax credit rules finalized under the Inflation Reduction Act. Owners can now claim a tax credit of up to $7,500 for electric vehicles. Cars, such as the way the Mustang Mach E is classified, have a price cap of $55,000, and he’s $80,000 for pickup trucks and his SUV.

https://www.thecarconnection.com/news/1138606_ford-s-big-price-cuts-on-2023-mustang-mach-e-follow-tesla-s-cuts Ford’s big price cut for 2023 Mustang Mach E follows Tesla’s price cut

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