Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks for the 2023 model year.
The company on Thursday said the markups – ranging between $3,000 and $8,475, depending on the model and battery – are due to “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.”
Source: Ford Mustang Mach-E price hiked by as much as $8,475 due to battery costs
Am expecting most qualifying EVs to see their prices rise by $7,000 +/-, right in line with the tax credit subsidy available January 1 2023.
As with most subsidies, the subsidies do not go to who you think they go to. You’ll be paying the same price with or without the tax credit subsidy – that subsidy doesn’t go to you, it goes to the car manufacturer!