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EV price war underway as Ford slashes electric Mustang prices
The Hill ^ | 01-30-2023 | KARL EVERS-HILLSTROM

Posted on 01/30/2023 7:50:05 AM PST by ChicagoConservative27

Ford Motor Co. will slash the price of its top electric vehicle, the Mustang Mach-E, after Tesla announced a series of major price cuts earlier this month.

Ford on Monday announced price cuts ranging from $600 to $5,900 on certain Mach-E models. The American automaker added that it will “significantly” increase production of the electric SUV to reduce customer wait times and boost its market share.

“We are not going to cede ground to anyone. We are producing more EVs to reduce customer wait times, offering competitive pricing and working to create an ownership experience that is second to none,” Marin Gjaja, Ford’s chief customer officer for EVs, said in a statement.

Ford’s price drop comes just a few weeks after Tesla, the EV market leader, slashed the price of some of its vehicles by up to 20 percent. That allowed certain Tesla models to get under the new EV tax credit’s price threshold.

The move indicates that automakers are aggressively courting consumers as EVs gain traction in the U.S.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: automotive; electric; ford; mustang; prices
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To: ChicagoConservative27

My neighbor has a restored 71 Ford Bronco, awesome vehicle, fun to ride around in.

I saw one of the pretend Bronco EVs yesterday. Pathetic, looks like a European econobox. Wouldn’t be caught dead riding in one.


21 posted on 01/30/2023 8:20:42 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself. 111 is the key.)
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To: ChicagoConservative27

Can’t help but to think this think will flop worse than the Edsel.


22 posted on 01/30/2023 8:33:57 AM PST by MachIV
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To: MachIV

I’m with you. I’ve been saying for awhile that I believe it will be an epic fail.


23 posted on 01/30/2023 8:40:45 AM PST by Tommy Revolts
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To: SaxxonWoods

They’re so small, aren’t they?


24 posted on 01/30/2023 8:42:54 AM PST by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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I gots a ‘66 toyota landcruiser. Chevy 350 8 banger with NV4500 tranny, lockers front and rear with two gas tanks and two spares. That will only be removed from my cold dead fingers


25 posted on 01/30/2023 8:43:45 AM PST by dsrtsage ( Complexity is just simple lacking imagination)
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To: Carriage Hill

Nice post. If you have pictures it would be a great tick tok vid. Time to start influencing back.


26 posted on 01/30/2023 10:19:38 AM PST by momincombatboots (QEphesians 6... who you are really at war with)
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To: LouAvul

The EV vs. Steam vs. ICE war was fought over 100 years ago. ICE won.


27 posted on 01/30/2023 10:24:24 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: ChicagoConservative27

I’ve only seen a few of them out there. Why in the world would they even call it a Mustang? It’s not a “pony car” by any means. It’s a small SUV.


28 posted on 01/30/2023 10:25:55 AM PST by smokingfrog ( sleep with one eye open (<o> --- )
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To: smokingfrog
They took the sheet metal off of a mach e and this is what the found:


29 posted on 01/30/2023 10:33:08 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: ChicagoConservative27

“The move indicates that automakers are aggressively courting consumers as EVs gain traction in the U.S.”

ROTFLOL!

auto makers generally slash prices when a model isn’t selling well ...


30 posted on 01/30/2023 11:05:37 AM PST by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: ChicagoConservative27

EVs would make a great 2nd or 3rd car for running around town or commuting, especially if your employer has free charging. But charging, range and price will relegate them to 2nd car status for most families until those problems are solved.


31 posted on 01/30/2023 11:09:30 AM PST by ETCM (“There is no security, no safety, in the appeasement of evil.” — Ronald Reagan)
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To: joshua c
slashing prices is not usually a sign of increased demand

In the past 5 years, most manufacturers have jumped in with EV models that directly compete with each other. Hyundai, Kia, Volkswagon, Nissan, Ford, Toyota and Chevy have all jumped into the same competitive group. Not to mention Audi, Mercedes, Lexus, BMW, Volvo, etc jumping in at the higher end. It was bound to be disruptive. Those companies that sat on the sideline waiting to see how things shake out might be the smartest - Honda, Mazda, Subaru, Dodge, etc.

32 posted on 01/30/2023 11:30:07 AM PST by ETCM (“There is no security, no safety, in the appeasement of evil.” — Ronald Reagan)
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To: ChicagoConservative27

That’s okay, folks are still lining up to pay 100k plus for a pickup truck that can’t tow, or haul anything of consequence a couple of dozen miles.


33 posted on 01/30/2023 11:33:17 AM PST by HamiltonJay
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To: ETCM

It’s a fine solution for a limited use case.

Commuter/Fleet vehicle where range isn’t a major issue.

Buying a limited use case vehicle for a general use case need is stupid.

Which is why this limits it largely to the affluent to have a second or third vehicle.

Most of my driving (and most of most peoples driving) is commuter based, no lie around that, but I also can drive up to 2000 miles plus during a vacation every year.

Sure I could buy an EV, and rent a gas vehicle for those two weeks, but it would be more expensive for me to do that.

When I buy my next vehicle, which is coming up, EV’s aren’t even on my radar.. I will buy an ICE vehicle, possibly a hybrid if I find one at a price I like, but not a chance in ever loving hell will I be purchasing an EV.

I need to know if I need to get to California from PA for whatever reason I will spend the time actually driving and not charging


34 posted on 01/30/2023 11:38:13 AM PST by HamiltonJay
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To: ChicagoConservative27

We just had a cold snap up here in the PNW. It was so cold my batteries couldn’t take a charge and BARELY just warm enough to let them discharge. It is bright and sunny but still can’t charge Lithium batteries when it is this cold. I am not looking forward to the days we are forced to drive these crap vehicles. And heating them, even just for defrost. Won’t that be fun?


35 posted on 01/30/2023 12:33:08 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: HamiltonJay

<>That allowed certain Tesla models to get under the new EV tax credit’s price threshold.<>

But at least ICE vehicle owners and working schlubs subsidize these playthings of the wealthy.


36 posted on 01/30/2023 1:36:16 PM PST by Jacquerie (ArticleVBlog.com)
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