Ford’s slashing Mustang Mach-E prices in latest volley in EV price wars

Ford Mustang Mach-E — Image: Sean O’Kane / The Verge

A little more than six months after it raised prices on the Mustang Mach-E, Ford said it would now be slashing prices on its flagship electric vehicle as well as increasing its production targets for the year.

The Mach-E will drop by an average of around 5.85 percent, depending on the trim level. (Some versions are seeing steeper discounts than others.) According to Marin Gjaja, chief customer officer for Ford Model e division, the “center cut” discount was roughly $4,500.

Here’s a breakdown of the new prices:

The company also said it was expanding the production capacity for the Mach-E, opening new space in its factory and adding new equipment. As such, Ford says it expects to produce 130,000 vehicles for customers in North America...

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