Ford Mustang Mach-E Price Goes Up to $8,475 Due to Battery Costs

Visitors check out the Ford Mustang Mach-E electric car displayed at a launch event in Shanghai, China, April 13, 2021.

Yili Sun | Reuters

Detroit – Ford Motor It raises starting prices for its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens demand banks for 2023.

company On Thursday he said The increase — which ranges from $3,000 to $8,475, depending on model and battery — is due to “significant increases in the cost of materials, continued pressure on key supply chains, and rapidly evolving market conditions.”

Mach-E is the latest electric vehicle to see price increases, such as raw material costs for batteries Electric cars more than double during coronavirus pandemic.

Pricing for the 2023 Mustang Mach-E will range from about $47,000 to $70,000, up from $44,000 to $62,000 for 2022. Prices do not include taxes and shipping/handover costs.

Ford earlier this month also raised starting prices for electricity F-150 Lightning pickup truck Between $6000 and $8,500, depending on the model. The automaker cited similar reasons for those increases, particularly with regard to raw materials such as lithium, cobalt and nickel used in vehicle batteries.

Including other automakers General motorsAnd the RivianAnd the Lucid And the Tesla also Significantly higher prices on their latest electric cars.

In addition to the new pricing, Ford said it has changed options and increased capabilities for some Mach-E models. It also increases shipping charges on the Mach-E by $200 to $1,300 on all models.

Ford said the higher prices will take effect for new orders placed starting Tuesday, when bank orders reopen.

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The company said that customers with existing unscheduled orders for 2022 will receive a “special offer” to convert to the 2023 model. It is not immediately clear what price will be offered to those customers.

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