Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla made similar moves. tesla ford kprc2 click2houston
The company says in a statement, Monday, Jan. 30, 2023, that its increasing production of the Mach-E this year and is taking advantage of streamlined costs to reduce prices across the board. – Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leaderThe Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said Monday.
“To remain price competitive to consumers, it's going to require a response from anyone who wants to play in this area,” he said. “We are not going to cede ground to anyone,” said Marin Gjaja, Chief Customer Officer of Ford Model e, the company's electric vehicle unit. The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit, which will be available through March. Tesla also reduced the base price of the Model 3, its least expensive model, by about 6%.
Messages were left Monday seeking comment from Hyundai and Kia, two other large competitors in the mainstream EV market.
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