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CNN
—
Just weeks after announcing that it was raising the price of the Ford F-150 Lightning electric pickup, Ford announced that it is also raising prices for its other popular electric vehicle, the Mustang Mach-E.
When Ford begins taking orders Tuesday for the 2023 model year Mach-E, prices will increase by about $3,000 for base models and up to $8,000 more for higher-end versions of the SUV well equipped.
Pricing for rear-wheel-drive base models will increase from about $43,000 to about $46,000. The Mustang Mach-E GT, which has all-wheel-drive and a larger battery pack, will go up from about $62,000 to about $69,900.
Ford announced it would raise prices due to “continued strain on key supply chains, and rapidly evolving market conditions.” The automaker said it will continue to monitor prices and market conditions throughout the upcoming model year. Customers with outstanding orders for 2022 model year vehicles not yet scheduled for manufacturing and delivery will be offered a 2023 model instead, according to Ford.
There are some additional features being added for the new Mach-E models, though. For example, Ford’s advanced driver assistance technology “Co-Pilot 360” will be standard equipment on all models. This includes lane keeping assist, automatic high beam and blind spot monitoring. Also, all-wheel-drive models with “extended range” battery packs can drive an EPA-estimated 290 miles before needing a recharge, 13 miles more than 2022 models.
Buyers of the Ford Mustang Mach-E will also be eligible for a $7,500 tax credit through the end of 2022. It is unclear whether the Mach-E will continue to qualify for tax credits under new federal regulations, according to Ford spokesman Dan Barbossa.
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