The price of Ford’s all-electric Mustang Mach-E is going up as of this year

On August 30, Ford will begin taking orders for the 2023 model year Mustang Mach-E, but potential buyers of the all-electric SUV may be shocked by the new price structure.

The company claims that it is “adjusting the MSRP on the Mustang Mach-E due to significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions” and that it “will continue to monitor pricing across the model year.” This statement was made in a new window by the company.

According to Electrek (Opens in a new window), the price of the Mach-E for the 2023 model year will be anywhere from $2,600 to $8,000 higher than it was for the previous model year. According to the publication, the circumstances that Ford highlights in its statement have also resulted in increased pricing for almost every car that is being released into the market.

However, there is some good news for anyone interested in purchasing a Mach-E. In comparison to earlier models, Ford has said that “beginning in the fall, Premium vehicles produced with the Extended Range battery will have a targeted EPA-estimated range of 290 miles on all-wheel drive variants,” which is an increase of 13 miles.

The business also reports that its electric cars are more popular than they have ever been in the United States, with sales growing by 168.7% across the board in the month of July. According to Ford, sales of the Mach-E especially increased by 74.1%, which supposedly places it in second place among all-electric SUVs in terms of sales in the nation.

Published at : 10 Aug 2022 11:52 AM (IST)

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