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Ford Mach-E Gets A Big Price Cut

The Mustang Mach-E now starts under $40,000, with MSRP reduced by $8,100 on some models.

Ford has adjusted its MSRP on the Mustang Mach-E, lowering some models by as much as $8,100.

When the Federal Clean Vehicle Tax Credit changed on January 1, 2024 the Mach-E lost its eligibility. Ford seems to have take action now to offset this change, with price cuts on all models.

With a $3,100 price cut, the entry-level 226-mile range RWD "Select" model now starts at just $39,895 excluding drive fees. The reductions continue on the higher models, with a $4,100 cut on the AWD Premium, and $8,100(!) on the AWD California Route 1 model. The top-trimmed GT is $7,600 less expensive, now starting at $52,395.

To make the deals even sweeter, Ford is offering 0% financing for 72 months for qualified buyers or passing through a $7,500 cash incentive when leasing.

These price cuts bring the Mach-E closer to its rivals, with the 260-mile RWD Tesla Model Y starting at $42,990 and the 220-mile Hyundai Ioniq 5 starting at $41,800. While the Mach-E is now positioned well against these competitors, the Chevy Equinox EV is about to shake things up with its $34,995 entry price and EPA-estimated 319 miles of range (and we expect to Equinox to soon qualify for the Federal Clean Vehicle Tax Credit as well).

We've updated Mach-E pricing across the board in our "Find Your EV" section.


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