Thanks, Biden!: Ford Increases Price for Electric Mustang Mach-E by as Much as $8,000Lucas Nolan 26 Aug 2022
Ford is reportedly raising the price of the 2023 Mustang Mach-E electric vehicle by as much as $8,000 just a few weeks after increasing the price of its planned electric pickup truck the F-150 Lightning. Although the company blames inflation, supply chain problems, and “rapidly evolving market conditions,” the price hikes come just after Joe Biden’s climate and spending bill passed including electric vehicle rebates eerily similar to Ford’s price increases.
The Verge reports that Ford is raising the price of the 2023 Mustang Mach-E just a few weeks after increasing the price of its electric pickup truck, the F-150 Lightning. The automaker stated that it was reopening the order banks for the electric SUV with an adjusted MSRP due to “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.”
The Verge provided a breakdown of the new pricing for the Mach-E:
Select RWD Standard Range: $46,895 ($43,895)
Select eAWD Standard Range: $49,595
California Route 1 eAWD Extended Range: $63,575 ($52,450)
Premium RWD Standard Range: $54,975 ($48,775)
Premium eAWD Standard Range: $57,675
GT Extended Range: $69,895 ($61,995)
The extended battery included with the Premium RWD model is also increasing in price by up to $8,600. Ford has added 13 miles of range to the battery for a total EPA estimated range of 290 miles.
Ford CEO Jim Farley recently stated that he believes that the electric car market is about to enter an intense price war as more affordable models become available. Due to production issues and strong demand, there is nothing close to a price war in the EV market, but Farley believes that is likely to change soon.
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https://www.breitbart.com/tech/2022/08/26/thanks-biden-ford-increases-price-for-electric-mustang-mach-e-by-as-much-as-8000/
