Following multiple rounds of increases, Tesla Model Y prices dropped significantly early this year, making the EV crossover quite a bit cheaper than its chief rival, the Ford Mustang Mach-E. The delta between the two widened even further back in April when Model Y prices dropped again, though the Mach-E also recently received its own reduction, which coincides with the introduction of a new lithium-iron phosphate battery in standard range models. Now, the gap between these two rivals has closed considerably as the EV price wars heat up.
Model | Starting MSRP (April 19th 2023) |
---|---|
Model Y (Base) | $47,240 |
Model Y Long Range | $50,240 |
Model Y Performance | $54,240 |
Following its most recently price cut, the Model Y now starts out at $47,240 for the base model and its 4680 battery cells, which offers an EPA estimated range of 279 miles. Stepping up to the Long Range increases that cost to $50,240 and range to 330 miles, while the Performance costs $54,240 and offers up 303 miles of range.
Model/Options | 2023 Ford Mustang Mach-E Price – May 2 |
---|---|
Select RWD Standard Range | $42,995 |
Select AWD Standard Range | $45,995 |
California Route 1 AWD Extended Range | $56,995 |
Premium RWD Standard Range | $46,995 |
Premium AWD Standard Range | $49,995 |
GT AWD Standard Range | $59,995 |
Extended Range Battery For Premium RWD | $7,000 |
GT Performance Edition Package | $5,000 |
BlueCruise 1.2 | $2,100 |
Destination and Delivery | $1,800 |
Meanwhile, the cheapest Ford Mustang Mach-E – the Select RWD Standard Range – now costs $42,995 with an EPA estimated range of 250 miles, which makes it a compelling alternative to the base Model Y for those that can live without the extra 29 miles of range. Getting close to the Model Y Long Range in that regard requires spending more money, however, as the extended range Premium models offer 290 and 310 miles of range. The high-performance GT is also considerably more expensive than the Model Y Performance, and needs the optional GT Performance Edition Package to match its performance, too.
We’ll have more on the Mach-E soon, so be sure and subscribe to Ford Authority for more Mustang Mach-E news and non-stop Ford news coverage.
Comments
The Mach-E is shockingly small inside. But it’s not a surprise if we remember it was designed as an Electric Focus and only later re-branded as a Mustang, with the addition of appropriate design cues.
It’s also very low for an SUV/Crossover.
It would help if the Mustang E looked like a Mustang! Just not a very attractive vehicle, IMHO:)
I applaud the use of LFP cells. The next hurdle is becoming price competitive with Tesla. Since Ford cannot further lower MSRP, how about offering 0% financing for 72 months on Mach E? This would make trading in older models more compelling for 2021-2022 owners as well as for new buyers.