Ford has cut the price on the Ford Mustang Mach-E EV by up to $8,100 on some trims in a move to increase sales and keep the price war with Tesla going. Tesla has recently been aggressively lowering prices, with some models seeing as much as a 20 percent decrease. This move follows a similar price cut by Ford around this time last year that helped make the Mustang Mach-E the number two best-selling EV SUV on the market.
The Premium trim with the extended range battery sees the biggest price cut of $8,100 while the two GT trims cut $7,600 from MSRP. The base model drops $3,100 off MSRP and moves the Mach-E base price under the $40,000 mark for the first time.
In addition to these price moves, Ford is offering a $7,500 incentive when leasing through Ford Credit on top of the $7,500 federal tax credit for EVs. The Mustang Mach-E only qualifies for the federal tax credit when leased do to the battery supply chain.
While these prices are only for the U.S., Ford is planning on increasing global production of the Mustang Mach-E. With these new price changes and incentives, plus Ford's move to join the Tesla Supercharging network, Ford is hoping to see a significant increase in sales.
Update:
Ford Offering Free Tesla Charger Adapter to Ford Lightning and Mach-E Owners
Ford EV Access to Tesla Supercharging Opens
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