Ford Looks To Boost Mustang Mach-E Sales In US With Michigan-Made Batteries, Lower Starting Price
Portfolio Pulse from Anan Ashraf
Ford is aiming to boost sales of its Mustang Mach-E by lowering its price and using Michigan-made batteries, potentially qualifying for a $7,500 EV tax credit. The 2025 model will start at $36,495, significantly cheaper than the 2024 version.
October 28, 2024 | 12:13 pm
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Ford is reducing the price of its 2025 Mustang Mach-E and shifting battery production to Michigan, potentially qualifying for a $7,500 EV tax credit. This move aims to boost sales and compete with Tesla's Model Y.
Ford's decision to lower the price of the Mustang Mach-E and produce batteries in Michigan aligns with the U.S. Inflation Reduction Act, potentially qualifying the vehicle for a $7,500 tax credit. This could make the Mach-E more competitive against Tesla's Model Y, which is priced higher. The move is likely to positively impact Ford's sales and stock price in the short term, as it addresses cost competitiveness and local production incentives.
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