This Monday’s sales announcement by the US manufacturer represents a cut of between 1% and 9% across different versions of the Mustang Mach-E, which was to be the third best-selling electric vehicle (EV) in the US in 2022.
On sale, the most affordable version of the Mustang Mach-E, with rear-wheel drive and standard battery, now has a suggested retail price of $45,995, while the most expensive, the GT Extended Range, sells for $69,895.
The deduction allows 3 versions of the Mustang Mach-E to qualify for a federal tax incentive of $7,500.
In addition, Ford Credit, the financial arm of Ford, will offer credit for the purchase of the Mustang Mach-E with a special interest of 5.34%.
Ford justified the downgrade as keeping the model “competitive in a rapidly changing market” while allowing the company to remain the No. 2 EV maker in the United States.
In mid-January, Tesla announced a reduction in prices for its vehicles in North America due to a drop in demand. The reduction was between 6% and 20% depending on the model.
Marin Gazza, director of customers, said in a statement, “We are not going to give up ground to anyone. We are producing more EVs to reduce waiting times for customers, offer competitive prices and Working so that the owners have no other experience.” Statement of the Ford Model E.
Users who have already purchased the Mustang Mach-E and are awaiting delivery of the vehicle will get the discount, which will also be applicable to those who purchased their vehicles on or after January 1, 2023, and have already have received