2023 Ford Mustang Mach-E Base Prices Drop between $400 and $5700
The 2023 Ford Mustang Mach-E lineup sees its base prices drop between $400 and $5700.
The price of the Mach-E's extended-range battery is $1600 lower too, dropping from $8600 to $7000.
Ford also says it plans to increase production by 60 percent, from 78,000 units last year to 130k in 2023.
The 2023 Ford Mustang Mach-E is now more affordable and will be more available than before. Along with base prices dropping between $400 and $5700, depending on the configuration and trim level, today Ford also announced it plans to increase production of the Mach-E by 60 percent in 2023.
Ford says the Mach-E's price cuts are immediately effective. For the customers who have already ordered, but who have not yet taken delivery, the price adjustment will be automatically applied. Ford also said it will directly reach out to customers who took delivery of their Mach-Es after January 1.
More Affordable Mach-Es
The biggest discount applies to the high-performance Mach-E GT, whose price will drop $5700 from $71,195 to $65,495. It's worth noting that a Ford spokesperson told us that the included destination fee is now $1500, up $200 from the previous $1300 charge.
As for the rest of the lineup, the entry-level rear-drive Mach-E Select with the standard battery pack now starts $700 cheaper at $47,495. The dual-motor all-wheel-drive Select receives the smallest price cut of $400, with a new base price of $50,495. The California Route 1, which now comes standard with all-wheel drive, drops to $59,495—a $5350 discount. Finally, the Premium model with the standard battery is down between $3480 and $3780, with new base prices of $52,495 and $55,495 for the rear-drive and all-wheel-drive models, respectively.
While the Mach-E's $800 Nite Pony appearance package and $6000 GT Performance pack keep their previous prices, the extended-range battery pack is $1600 cheaper, dropping from $8600 to $7000.
More Available Mach-Es
In 2022, Ford said it put 78,000 Mach-Es on the street. The company has now said it aims to produce 130,000 units in 2023. That's a notable 60 percent increase in production. It will also make more Mach-E models available to more customers.
Perhaps coincidentally, the Mach-E's slashed prices come shortly after Tesla announced large price cuts to the Model 3 and Model Y. Could this be the beginning of a price war? While we can't say for sure, Ford claims its decision is due to improvements in its supply chain that contribute to streamlined costs and allow it to reduce Mach-E prices.
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