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The Ford Mustang Mach-E is the Blue Oval’s first electric vehicle. The Mach-E is changing everything for the American automaker as the company attempts to electrify its portfolio of vehicles over the next few years. Ford has even divided its company into two divisions so it can devote time and resources to EV production. Electric vehicle makers are currently in a price war following the Tesla Model Y’s extreme price reduction. Ford just made the best Mac-E configuration much more affordable.

The Ford Mustang Mach-E GT just got a major price reduction

A white 2023 Ford Mustang Mach-E small electric SUV is parked.
The 2023 Ford Mustang Mach-E | Ford

The 2023 Ford Mustang Mach-E GT with all-wheel drive is the most impressive Mach-E configuration in terms of performance. The Mach-E GT is incredibly quick and powerful. It makes 480 horsepower and 634 lb-ft of torque.

Ford’s Mach-E GT can go from 0-60 miles per hour in just 3.5 seconds, making it one of the quickest small SUVs on the market. The EV is predictably expensive, but thanks to new price reductions and tax incentives, some drivers can get the sporty new electric vehicle without breaking the bank.

InsideEVs claims that the GT AWD Extended Range has an updated MSRP of $59,995. That’s a price reduction of $4,000. The EV is eligible for a $3,750 federal electric vehicle tax credit, bringing its price closer to $56,245. It certainly isn’t the most affordable small electric SUV, but the Mach-E GT is a steal for under $57K in the eyes of many gearheads because of its incredible performance specs.

The Ford Mustang Mach-E is fighting for relevance

A white 2023 Ford Mustang Mach-E small electric SUV is driving on the road.
The 2023 Ford Mustang Mach-E | Ford

The small electric SUV vehicle segment is one of the most popular emerging vehicle segments. As EVs become more popular, more automakers will start to produce small electric SUVs. Thus far, the Tesla Model Y is the dominant model in its segment. It’s currently the most popular electric vehicle in the world.

The Hyundai Ioniq 5 has also made major waves in the space. It gained the attention of consumers because of its affordability, practicality, and pleasant driving experience. The Ioniq 5 was the World Car of the Year for 2022. It’s easily one of the best options in its segment.

The Ford Mustang Mach-E made a huge impact when it first arrived, but it has been plagued by reliability issues. Some Mach-E models even became immobile after battery issues. If the Blue Oval wants the Mach-E nameplate to succeed, it’ll have to address the reliability concerns of consumers.

Should you get a Mach-E after price drops?

InsideEVs claims that the 2023 Ford Mustang Mach-E Select starts at $42,995 after recent price drops. The EV tax credit brings its price closer to $39,245. Ford’s fully-electric SUV hasn’t been this affordable in months.

Ultimately, the Mach-E is a great deal for under $40K, but consumers still question whether or not it will be dependable. Electric vehicle sales are beginning to struggle after popular models experience battery issues. If you were already planning on getting a Mach-E, now may be a good time to jump on its new affordable prices. With that being said, proceed with caution, because the EV still has to prove itself reliable to the masses.


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