Ford Cuts Prices of Electric Mustang Mach-E by Thousands of Dollars

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Ford Motor is cutting the starting prices of its electric Mustang Mach-E by thousands of dollars. The price cuts range from $1,000 to $4,000, bringing the starting price of the vehicle down to between $42,995 and $59,995. The price cuts come as Ford increases the production of the Mach-E and reopens order banks for the vehicle. Ford last announced it was cutting prices of the Mach-E in January after Tesla announced similar price cuts for its Model Y. The price cuts are part of Ford's plan to scale electric vehicles and make them more accessible and affordable for customers.