Ford Mustang Mach-E prices on the rise due to battery cost increases
Be prepared to spend up to $8,000 more on 2023 Ford Mustang Mach-E models.
If you’re planning on purchasing a Ford Mustang Mach-E as orders open back up for the 2023 models, be prepared to spend a bit more than you would have in the past. In reports from outlets like CNBC, it’s been revealed that Ford Motors is hiking the prices of its Mustang Mach-E between $3,000 and $8,475 (depending on the model) due to “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.”
With these increases, the starting prices of the Mustang Mach-E will now range anywhere from $47,000 to $70,000. For lower end models, the increase isn’t too bad, going from $44,000 for the 2022 model to $47,000 for the 2023 model, a difference of $3,000. Buyers looking at higher end models, however, will feel the pain of these price increases more. Back in 2022, higher end models sat around $62,000, while 2023 models are now $8,000 more expensive, sitting around the $70,000 range.
Adding to these costs even further, Ford is increasing shipping charges on all Mach-E models, with shipping increases ranging from $200 to $1,300. The increased prices will go into effect for new Mach-E orders this coming Tuesday when Ford reopens its order banks.
While the news is undoubtedly frustrating for potential buyers, the Mustang Mach-E isn’t the only vehicle to suffer price increases as Ford previously raised the prices of its F-150 Lightning pickup in a similar manner, with the cost of various models increasing anywhere from $6,000 to $8,500. Additionally, Ford isn’t the only manufacturer to raise the prices on electric vehicles like the Mach-E and F-150 Lightning as companies like Rivian, Lucid, and Tesla are all proceeding with price hikes as well.
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replyMorgan Shaver posted a new article, Ford Mustang Mach-E prices on the rise due to battery cost increases
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I'm not in the market for an EV, but this has to be a kick in the nuts to buyers who were looking to convert this year or early next. EVs are already relatively expensive, even with available tax credits.
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Oof. I think holding off for a few years will be worth it if people are able to wait.
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For sure, the wait until the features and price hits the sweet spot is the worst.
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If we have a serious recession that might bring down prices quite a bit.
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I believe that Russia actually supplies a fair amount of raw materials in that space, so that doesn’t help.
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Man, I was pretty dang interested in Mach-E and even thinking "maaaaaybe we can make a case for it if the base price comes below $40k" but this is going the wrong direction. I don't know how anyone that isn't extremely wealthy justifies $50k on a car unless cars are also their hobby. Even then, most people aren't spending $50k on a hobby car.
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My wife and I do pretty well together and we've never paid anything more than about $30k for a car, and that one was bought outright rather than financed.
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All of their cars are mustangs now for some reason :-\
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It's all about marketing. It's hard to evaluate exactly how successful the car would have been without that name, but I think Ford rightly understood that breaking into the market against Tesla could require putting some serious branding behind their new EV. Attaching the Mustang name potentially garnered more attention for the vehicle than it would have had they named it something else.
As someone who owns a Mustang GT, I'm 0% bothered by this car also being called a Mustang.
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