Ford Authority

2023 Ford Mustang Mach-E Prices Slashed Amid High Inventory

After getting off to a hot start, demand for the Ford Mustang Mach-E – along with EVs in general – has tapered off as of late, for a variety of reasons. Part of that decline can be attributed to high pricing, of course, and Ford has responded by offering a variety of discounts on its EV crossover, while also making it eligible for X-Plan pricing and a new dealer rental program, to boot. Regardless, high inventory levels and the fact that the Ford Mustang Mach-E is no longer eligible for federal clean energy tax credits aren’t helping matters, and as such, The Blue Oval has decided to slash the price of its 2023 model year EV crossover to help make room for 2024 models, according to the Detroit Free Press.

Ford Mustang Mach-E Premium Mexico - Exterior 001 - Front Three Quarters

2023 Ford Mustang Mach-E Price Changes
2023 Ford Mustang Mach-E Price – February 20 2023 Ford Mustang Mach-E Price – February 19 + / – February 19 Price
Select RWD Standard Range $39,895 $42,995 $-3100
Select AWD Standard Range $42,895 $45,995 $-3100
California Route 1 AWD Extended Range $48,895 $56,995 $-8100
Premium RWD Standard Range $42,895 $46,995 $-4100
Premium AWD Standard Range $45,895 $49,995 $-4100
Premium RWD Extended Range $45,895 $53,995 -$8,100
Premium AWD Extended Range $48,895 $56,995 -$8,100
GT $52,395 $59,995 $-7600
GT Performance Edition $57,395 $64,995 $-7600
Destination And Delivery $1,800 $1,300 +$500

This latest round of price cuts for the 2023 Ford Mustang Mach-E varies by trim, but all are significant, regardless. At the lower end of the trim level lineup, the Select has received a price cut of $3,100, followed by the Premium Standard Range at $4,100, the GT at $7,600, and the Premium Extended Range and California Route 1, which are now a whopping $8,100 cheaper than before. This means that the entry-level Select – the cheapest 2023 Mach-E – starts out at $42,995, though it’s worth noting that Ford has also raised destination and delivery charges by $500 as well.

Ford Mustang Mach-E Tesla Supercharger North American Charging Standard NACS Adapter - Exterior 001 - Rear Three Quarters

According to this report, Ford chose to cut its 2023 Mach-E prices due to high inventory, while also aiming to better compete with Tesla, which has dropped the price of its Model Y crossover several times as of late. On top of that, Ford Credit is also offering zero percent financing for 72 months, plus a $7,500 cash incentive on leased vehicles that can be applied immediately to lower monthly payments. “We are adjusting pricing,” said Ford spokesman Marty Gunsberg. “As we continue to adapt to the market to achieve the optimal mix of sales growth and customer value.”

We’ll have more on the Mach-E soon, so be sure and subscribe to Ford Authority for more Mustang Mach-E news and comprehensive Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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  1. Mark B

    It was just a matter of time. Leaping too far out ahead of your customer base. Hopefully, lesson learned.

    1. Kevin

      1 EV model is leaping too far? Sounds like baby steps to me. The real issue is the charging time and range. Price of course is always #1

  2. John

    Testing testing again

    1. David Dickinson II

      I know what you are testing, and it is frustrating.

  3. JAK

    Of course transportation charges jump +$500 over night


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