Ford Motor Co. has reduced prices on its Mustang Mach-E electric SUV by up to $8,100 following a sharp drop in January sales. The lowest-price 2023 model year Mach E version now has a suggested retail price of $39,895, down from $42,995. The higher-end Mach-E GT spec will cost about $7,600 less, at $52,395. Other versions, including the extended-range premium version, will drop in price by $8,100 to $48,895. Ford said the price cuts come as the automaker continues to adapt to the market to achieve the optimal mix of sales growth and customer value. The Mach-E lost eligibility for a $3,750 tax credit on Jan. 1 after new U.S. Treasury Department battery sourcing requirements aimed at weaning the electric vehicle supply chain away from China took effect. The Treasury has reimbursed auto dealers for about $135 million in advance point-of-sale consumer EV tax credit payments since the start of the year through Feb. 6.
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