Ford announced Monday morning that it is offering up to $5,900 off the price of the electric Mustang Mach-E.
The price change undoes some but not all of the massive $8,300 price increase that Ford imposed just a few months ago on Mustang Mach-E 2023and it brings a more popular model—the Premium eAWD Standard Range—under the $55,000 cap.
That means including a $7,500 tax credit could be good until around March, when the Treasury Department is expected to begin enforcement. domestic sourcing requirements, the final price, including destination of that version would actually be $47,795 for many households, if tax regulations allow. And those looking for the lowest prices on the Mach-E will find that the base Select RWD Standard Range version, priced at $47,295, is effectively under $40,000 now.
Perhaps to help make up for the gap that the new $55,000 EV tax credit cut has covered the range, Ford has slashed prices on trim versions of the Mach-E — including those battery version Extended range — significantly more. For example, the California Route 1 AWD version was cut $5,580 to $59,295.
The additional cost of the Extended Range battery for the other instances has dropped $1,600 to $7,000, but since that upgrade isn’t available on the base Select versions, those looking Extended Range versions of the Mach-E, which currently offer a range of up to 312 miles, will not qualify for the tax credit.
Ford Mustang Mach-E 2023
The GT Performance Package is also not included in this price change, and it remains well above $6,000 on the GT, but the price of the GT Extended Range has dropped the most, at $5,900.
As before, no Mustang Mach-E model with an Extended Range battery pack will be eligible for the revised federal EV tax credit—meaning a maximum range of 247 miles applies to models that are full range. credit terms.
Ford markets the Mach-E as an SUV. According to the IRS, just as the EPA classifies it as a passenger car, a $55,000 MSRP limit applies to qualify for the federal EV tax credit. That will include Select RWD, Select eAWD and Premium RWD models, all of which feature a Standard Range battery pack.
The 150,000th Ford Mustang Mach-E built
Ford says that those awaiting delivery of the Mach-E will automatically receive the adjusted price. Ford is in transition to no-bargain pricing strategy for their electric vehicles, although dealers are still able to supply models on request.
Bigger changes to the Mach-E lineup are coming soon. Ford revealed last summer that China’s CATL would supply full battery packs for some Mach-E models in North America starting later this year. And CEO Jim Farley has emphasized that Ford plans to “refactor” the Mach-E gradually, rather than waiting for a mid-cycle refresh.
The Mach-E achieved a sales success that took Ford by surprise. Strong demand for Mach-E prompted Ford to produce three times Mach-E from 2021 to calendar year 2023, with a model year target of 200,000 units. Ford has produced about 78,000 Mach-Es in 2022, and on Monday said it plans to build 130,000 by 2023.
