Posted on 05/02/2023 12:38:08 PM PDT by Red Badger
WASHINGTON, May 2 (Reuters) - Ford Motor Co (F.N) said on Tuesday it is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival Tesla Inc (TSLA.O), the second time it has reduced prices this year.
The No. 2 U.S. automaker said it is also increasing the range for standard-range battery models as it increases production in the second half of the year.
Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version or by as much as 7.8%. The price of the Mach-E Premium rear-wheel drive version is dropping from $50,995 to $46,995.
Ford shares were down 2.7% at $11.73 at midday on Tuesday.
Last month, the federal EV tax credit for the Mach-E fell by half to $3,750 from $7,500 after new battery sourcing requirements took effect.
Mustang Mach-E U.S. sales fell 20% in the first three months of the year.
(Excerpt) Read more at reuters.com ...
My favorite is the propagandists at The Hill. They said EV sales are “surging” because they can say they have sales gone up 50%. Yeah they went from 4 to 6 pecent.
I’ve seen one Rivian, and two Mustangs this year, as well.
One neighbor has the Mustang EV................
An EV Mustang is not really a Mustang. Maybe Ford should add engine noise to make them funner.
Don’t laugh...........THEY ARE CONSIDERING IT!..................
When I first saw the Mach-e I thought, "why in the world did they put the Mustang name on that soccer mom short minivan?! That's blasphemy!". The red-blooded American male in me was offended. Then I test drove one (a 2022 Mach-e GT AWD) and, honey hush! When I stomped on the accelerator I about put the salesman into the back seat. And that was in Eco mode. LOL Pressing the Drive Mode button to put it into Sport mode will grow hair on your chest. LOL
As far as handling goes, though, its crossover shape makes it not handle as good as other Mustangs. Test driving the Kia EV6 (small EV car like a lot of EV's) will spoil you on handling (low profile combined with the battery giving it a low center of gravity makes it dart around curves). And I'm impressed with the fast charging tech for the Kia and Hyundai EV's (which matters only if you're taking it on a road trip since most charging for local driving is at home). So my wife and I got a Hyundai Ioniq 5 (crossover shape makes it ideal for tall people in our 50's who plan to drive it 20 years and don't want to be crawling in and out of a small car in our 70's). Had it 10 months and put 22K miles on it for a total average of 3.4 miles per kWh (that's DC power, assume a 5% of 10% loss to lower that throughput to about 3.1 miles/AC kWh because of loss when charging while converting AC power to DC).
To be honest, I probably wouldn't have gotten it if all the variables weren't aligned. Things like my wife's old car needed replacing anyway, and I was doing a large project of making us as energy independent as possible with solar and an all-electric home ---- an EV extends that mostly energy independence onto the road for local driving and the first 250 miles of each trip. With 80% of our power free from solar, we're in a position that the Dims' stupid policies of jacking up energy prices to control us don't harm us, all while we drive around more and keep our house more comfortable temps and get in the hot tub more since energy is practically free. The few times an EV won't do, fine, we have an old ICE pickup since we every now and then need two cars anyway and I like having an old pickup that I can practically abuse to get chores done. If the Dims go full mark-of-the-beast mode with buying energy I have a backup plan to be 100% energy independent (except for long trips). That's not worth implementing unless absolutely necessary because the law of diminishing returns would make it not pay for itself through energy cost savings.
My first car was a 6-cyl 1964 Mustang with nothing on it aka the “secretary’s delight”. No AC and fake hubcaps. Cost me a little over$2000.
Not exactly what my yellow ‘72 Mach I looked like
That thing looks like something your ‘72 crapped out.
And Texas (as well as many other states) are issuing a surcharge when you register an electric vehicle because they don’t get the money from the gas taxes.
It’s $200 (proposed) for Texas as of today, anyway.
Already done and the fake vroom sounds dumb. Ostensibly the idea for a noise on the outside is laudable so people don't step out in front of a silent car. But it sounds dumb.
And they have the option to play the vroom noise on the inside for the driver experience, even vary the noise by how fast you're going. But again, it sounds dumb like a kid making car noises.
I drive a real Mustang on steroids!
That’s not why. They raised the price when the gov’t was giving a subsidy by the amount of the subsidy. Now that subsidy is getting cut in half...so Ford is reducing the cost that much.
This whole subsidy is a joke.
why???
part of the fun of having a musclecar is adding performance to it as you see fit
when buying an ecar, you better buy as much performance as you can afford, cause there’s no adding it later...
Hey, Ford Motor Company. Cut the price all you want. I would not buy that heap for any price. Not a chance. And I am a hard core Ford guy.
Nope, Ford. It's not a Mustang, it's an SUV. you can't mix and match.
I agree with a previous poster on another thread. The whole ignored inability of the grid to handle charging E-cars if they replaced and no planning to crash expand electric generation and charging is because the powers that be aren’t aiming for everyone replacing their gasoline and diesel cars with EVs. Just a few and the rest of us can walk, ride bikes, or take buses and trains. Or live in “15 minute” cities. Its about controlling the ability of people to travel wherever they want independently with gasoline or diesel.
Had an opportunity to see a Mustang EV, a Jeep Wrangler hybrid, and a Tesla at our local Community College. They were hosting an EV Car show. We had a BMW i3 at the time and were curious about what was available.
I’m 6’7” and couldn’t get in the Mustang. Drove the Tesla and was impressed with the performance but the fit and finish left a lot to be desired. The Jeep had limited range.
We had more people looking at our BMW and ended up letting people drive it even though we weren’t officially part of the show.
There was also a Lightning pickup on display. It was locked up and the dealer said if you ordered one, it could take up to a year to get one. Drove through the local Ford dealers lot last week and since Ford announced the battery problem with the Lightning, there were two on the used car lot, each with less than 1,000 miles and a Mustang EV two vehicles over.
I think the EV market is over-hyper and as long as it can take up to 30-minutes to get a charge, will never catch on.
We sold our BMW to Carvanna for more than we paid for it and bought a ‘23 VW Tiguan. Ten minutes at the pump, 430 mile range, what’s not to like.
Carroll Shelbys’ gotta be rolling over in his grave.
Oddly, I saw one of the mustangs in the infield of Churchill Downs this past weekend. I thought it was just a little ironic to see this “pretend” horse among the most impressive thoroughbreds in the world.
Are you supposed to attach the baseball card with a clothes pin on the red part of the wheel so it sounds like a real car, or does that go somewhere else?
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