2023 Ford Mustang Mach-E Discounted Price, GT Extended Range $5,900 Cheaper

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After Tesla slashed the price of the Model 3 and Model Y, Ford slashed the MSRP of its Mustang Mach-E. Blue Oval announced new, lower prices across its entire model range today. However, according to the automaker’s consumer website, the price cut coincided with a $200 increase in destination fees. Although the new 2023 price is cheaper, it is still higher than the 2022 price.

The 2023 Mustang Mach-E Select RWD Standard Range will now cost $47,495 (price includes a $1,500 destination fee), $700 less than before, and that includes adjustments for a new fee. The top-tier GT Extended Range with the GT Performance Package now costs $71,495, $5,900 less than before. However, that drops to $5,700 when taking into account the higher destination fees. You can see a full breakdown of the prices below:

Model New 2023 MSRP (Including $1,500 Goal) Past 2023 MSRP (Including $1,300 Goal) 2022 MSRP (Including $1100 Goal)
Select RWD Standard Range $47,495 $48,195 $44,995
Select the eAWD Standard Range $50,495 $50,895 $47,695
RWD Premium Standard Range $52,495 $56,275 $50,200
Premium eAWD Standard Range $55,495 $58,975 $52,900
California Route 1 eAWD Extended Range $59,495 $64,275 $56,575
RWD Premium Extended Reach $59,495 $64,875 $56,200
Premium eAWD Extended Range $62,495 $67,575 $58,900
Extended GT Range $65,495 $71,195 $63,095
GT Extended Range With GT Performance Package $71,495 $77,195 $69,095

Mach-E customers who are waiting for delivery will automatically receive the adjusted price. Ford will retroactively apply the new pricing to any customer vehicles with a sales date after January 1, 2023, who already own the car. Ford will directly reach customers.

Ford also lowered the price of the Extended Range Battery option, which is $8,600. It now costs $7,000, making upgrading to the larger battery option a bit more affordable. The Nite Pony Appearance Package and GT Performance Pack prices remained unchanged at $800 and $6,000, respectively.

Ford’s price cut comes as the automaker plans to increase production of the Mach-E in a bid to reduce wait times. The automaker has been buying batteries and raw materials to increase production of every EV it makes. Ford Model E Chief Customer Officer Marin Gjaja alerts our sister site Insideevs.com that the automaker plans to increase production to 130,000 Mach-E crossovers a year. That would be a sizeable increase from the 78,000 that rolled off the assembly line today.

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