Hot on the heels of Tesla slashing the prices of the Model 3 and Model Y, Ford is slashing the MSRP of its Mustang Mach-E. The Blue Oval today announced new lower prices across the entire model range. However, according to the automaker’s consumer website, the price drop coincides with a $200 increase in destination charges. Although the new prices for 2023 are cheaper, they are still higher than those for 2022.
The standard 2023 Mustang Mach-E Select RWD range will now be $47,495 (prices include $1,500 destination fee), $700 cheaper than before, and that includes the adjustment for the new fee. The top-level extended GT lineup with the GT Performance Package is now $71,495, $5,900 cheaper than before. However, that drops to $5,700 when factoring in higher destination charges. You can see a full price breakdown below:
|Model||New 2023 MSRP (including destination at $1,500)||Previous 2023 MSRP (including destination at $1,300)||2022 MSRP (including $1,100 destination)|
|Select RWD standard range||$47,495||$48,195||$44,995|
|Select the eAWD standard range||$50,495||$50,895||$47,695|
|Premium RWD Standard Range||$52,495||$56,275||$50,200|
|Premium eAWD standard range||$55,495||$58,975||$52,900|
|Extended Range California Route 1 eAWD||$59,495||$64,275||$56,575|
|Premium RWD Extended Range||$59,495||$64,875||$56,200|
|Premium eAWD Extended Range||$62,495||$67,575||$58,900|
|Extended GT Range||$65,495||$71,195||$63,095|
|Extended GT Range with GT Performance Package||$71,495||$77,195||$69,095|
Mach-E customers awaiting delivery will automatically receive the adjusted price. Ford will retroactively apply the new price to any customer vehicle with a sale date after January 1, 2023 who already owns their car. Ford will contact customers directly.
Ford also reduced the price of the extended-range battery option, which was $8,600. It’s now $7,000, which makes upgrading to the larger battery option a bit more affordable. Prices for the Nite Pony Appearance Package and GT Performance Pack remain unchanged at $800 and $6,000, respectively.
Ford’s price cut comes as the automaker plans to increase Mach-E production in a bid to reduce wait times. The automaker has already purchased the batteries and raw materials needed to scale up production for every electric vehicle it builds. Ford Model E chief customer officer Marin Gjaja told our sister site Insideevs.com that the automaker plans to increase production to 130,000 Mach-E crossovers per year. That would be a huge increase from the 78,000 rolling off the assembly line today.