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2023 Ford Mustang Mach-E Prices Reduced As Dealer Inventory Grows

Demand for electric vehicles has cooled off recently, prompting automakers to slash prices in an attempt to make EVs more attractive to potential customers. One such vehicle is the 2023 Ford Mustang Mach-E, which has been treated to another round of price cuts amid rising dealer inventory in order to clear space for the incoming 2024 model, as reported by our sister publication, Ford Authority.

2023 Ford Mustang Mach-E Starting MSRPs
February 20 February 19 +/- February 19 Price
Select RWD Standard Range $41,695 $44,295 -$2,600
Select AWD Standard Range $44,695 $47,295 -$2,600
California Route 1 AWD Extended Range $50,695 $58,295 -$7,600
Premium RWD Standard Range $44,695 $48,295 -$3,600
Premium AWD Standard Range $47,695 $51,295 -$3,600
Premium RWD Extended Range $47,695 $55,295 -$7,600
Premium AWD Extended Range $50,695 $58,295 -$7,600
GT $54,195 $61,295 -$7,100
GT Performance Edition $59,195 $66,295 -$7,100

The Blue Oval has cut prices of the 2023 Ford Mustang Mach-E by a significant amount, depending on trim level. The base Select trim, which is offered in either rear-wheel drive or all-wheel drive, has been discounted $2,600, while the California Route 1 Extended Range trim has had $7,600 knocked off the overall price.

Meanwhile, the Premium Standard Range trim is now $3,600 more affordable, while the Premium Extended Range models have received the most significant discount of $7,600. Finally, the range-topping GT and GT Performance Edition trims have been discounted $7,100. That means that the base 2023 Ford Mustang Mach-E Select RWD now starts at $41,695, including the destination freight charge, although it’s worth noting that said fees recently increased from $1,300 to $1,800.

For comparison, pricing for the 2024 Chevy Blazer EV 2LT AWD starts at $53,195, while at the other end of the spectrum, the Blazer EV SS trim starts at $65,995, $1,395 destination freight charge included. That means that the Mustang Mach-E is more affordable than its rival, although it’s important to note that GM has not produced front-wheel-drive variants of the Blazer EV quite yet.

Meanwhile, pricing for the 2024 Chevy Equinox EV ranges from $34,995 to $50,095, including the $1,395 destination freight charge. Compared to the Mustang Mach-E, the Equinox EV is significantly more affordable, although it is expected to attract buyers with a mean household income of $100,000 to $150,000.

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Alexandra is a Colorado-based journalist with a passion for all things involving horsepower, be it automotive or equestrian.

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Comments

  1. I think more cuts will come in 2024 for the Mach-E. Ford has said in the past that it (and other current Ford EVs) was a first gen offering and engineering decisions had to be made to get it out the door when it launched. Already that generation of Ford EVs are behind the technological curve. They aren’t bad vehicles if you accept them for what they are and aren’t (it isn’t a Mustang damnit!).

    Comparing it to the GM Ultium platform is not the best since the Ultium might be considered a 3/4 to 1 generation ahead.

    Reply
    1. The Mach E is a nice product. I certainly like it more than a Tesla. But I agree. Let GM work the bugs out of the Ultium and come down to earth in their pricing and I think the GM EVs are a better more appealing deal. I like the Equinox more then this Mustang pretender.

      Reply
    2. The Mach E is a nice product. I certainly like it more than a Tesla. But I agree. Let GM work the bugs out of the Ultium and come down to earth in their pricing and I think the GM EVs are a better more appealing deal. I like the Equinox EV more then this Mustang pretender.

      Reply
  2. Checked my local FORD dealership and they have they are each sitting on about 40 Mach-Es. Oof.

    Reply
  3. This one of the slowest selling cars in America. Ford is losing thousands per car, but the have to reduce prices even more to get rid of the metal. Dealers are also complaining since the floor plan interest on these cars keeps growing.

    Reply
  4. Both of my dealers are sitting on lots of dusty Frumpstangs

    Reply
  5. My buddy bought a Mach E and he loves it. He let me drive it and I was impressed. Fast, smooth, and quiet. I don’t think they should have named it a Mustang, however.

    Reply
  6. Probably would have been a good idea to mention that at the current sales rate, Ford has a 360 day supply of Mach E’s sitting on the ground (as of a couple of weeks ago). Hence the price cut.

    Reply
  7. Getting closer, but still no cigar. When they are on direct price parity with other Power Wheels models, give me a call. So I can laugh even harder than I am right now. BTW, this bodes SO WELL for Blazer EV’s future, if that disaster ever gets off the ground.

    Reply

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