MCViewPoint

Opinion from a Libertarian ViewPoint

Ford Hikes Mustang Mach-E Price By As Much As $8,000

Posted by M. C. on August 29, 2022

While some argued that the price hikes came days before the Act was signed by President Biden, and therefore weren’t definitive proof that Ford was just price gouging the government’s latest handouts, we think that argument has now officially been put to rest, with Ford now also increasing Mustang Mach-E EV prices between $3,000 and $8,100, depending on Model.

If you think this is new news, you haven’t been paying attention for the last 20 years.

Ford Hikes Mustang Mach-E Price By As Much As $8,000

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/markets/ford-hikes-mustang-mach-e-price-much-8000

It was just days ago we wrote about how Ford was hiking the price of its F-150 EV by almost exactly the same amount offered as an EV subsidy in the Biden administration’s new “Inflation Reduction Act”.

While some argued that the price hikes came days before the Act was signed by President Biden, and therefore weren’t definitive proof that Ford was just price gouging the government’s latest handouts, we think that argument has now officially been put to rest, with Ford now also increasing Mustang Mach-E EV prices between $3,000 and $8,100, depending on Model.

The company is “also increasing shipping costs by $200 on all models,” according to Automotive News’ Michael Martinez. 

The company says the new price reflects “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions,” according to The Verge. They provided a breakdown of the increases by model type:

  • Select RWD Standard Range: $46,895 ($43,895)
  • Select eAWD Standard Range: $49,595
  • California Route 1 eAWD Extended Range: $63,575 ($52,450)
  • Premium RWD Standard Range: $54,975 ($48,775)
  • Premium eAWD Standard Range: $57,675
  • GT Extended Range: $69,895 ($61,995)

See the rest here

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