Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January.
The No. 2 U.S. automaker’s 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.
Yeah, but they also don’t make the electric equivalent to a Cavalier.
The Bolt EV and Bolt EUV are pretty darn close. The larger EUV started at $29k and was eligible for the $7500 tax rebate last year (it was discontinued at the end of the year and I don’t know if any models remaining on dealer lots get the instant rebates under the new rules that went into effect January 1st). If you buy a used Bolt from a dealer you can get a tax credit of 30% off, up to $4000. I would think it’s possible to get a used Bolt for $15k, and a tax credit down to effectively $11k, which would probably be in the range you mention. I found the seats more comfortable but the suspension not as good; overall around the same size as the Mustang. Acceleration wasn’t as good but plenty good for an economy car. Really the only complaints I had were the cup holders were slightly smaller than is normal (could not fit my water bottle that had fit in every other car) and the DC fast charging was unacceptably slow. Charging at home was great but I would not want to take it on a road trip.
That doesn’t really change the fact that a Mustang, electric or not, is always gonna be more costy.
It also doesn’t help electrification if normal people can’t afford electric cars
The Mustang has been an affordable sports car for a long time. The price is right about where I’d expect a gas one to be (I haven’t priced a mustang since I was a kid, so I’m only guessing what the price is based on 30 years inflation).
We need more economy cars that are electric though. I’m not expecting a mustang to be that car.
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The 2020 Bolt is also eligible for $4k in tax incentives (assuming the buyer qualifies) which makes it even more compelling on top of the savings from gas, maintenance, etc. Also less moving parts where things could potentially break.
Okay so the point you’re trying to make here is that the electric mustang should be the cost of an economy car?
My point is that EVs are too expensive, and crowing that a totally unaffordable car is now slightly less totally unaffordable isn’t good news for EVs
A brand new leaf is much MUCH cheaper then this and used is so affordable that I, as a instacart driver, will be most likely switching to one by august or so.
Stop looking at high end sports cars if you want affordable bro.
I would say a bigger hurdle to adoption is infrastructure. Fast charging isn’t quite up to par with a gas pump and not everyone owns a house to top off the very night. Insurance apparently is more expensive too.
I’d love to have an electric vehicle, but as I’ve aged a walkable living location is more ideal. Decent public transport huge plus.
Fast charging is getting close enough. If - like most people - the vast majority of your driving is within 200 miles of home then fast charging is good enough pretty much everywhere that you can do everything. Those rare road trips will be a bit more inconvenient as you have to have to take the chargers you can get in places, but there are enough to make all trips these days.
This unfortunately is location dependent for now, but I do think we will have charging stations everywhere like gas stations now eventually. If anything the electric engines are just really efficient and not moving to them means cars are not as good.
I made a case to my employer. Most companies that have fleet vehicles could easily switch to electric with less maintenance cost/downtime right now.
I recently drove across rural new Mexico - the type of roads where you are not surprised to go 10 minutes between seeing another car. Even there there was a charger every 50 miles (gas stations were about 40 miles apart) If there are chargers on that route, then they must be everywhere to close enough.
I’m ts hard t tell with insurance: Tesla is the main one you read about but they don’t have much parts availability, nor can you as easily goto a neighborhood auto service. Plus there’s not an easy directly comparable ICE vehicle. I’d imagine other brands are not the same.
While my Insurance skyrocketed, I went from insuring only an older Subaru to adding new Tesla, plus increased coverage, plus added a teen driver for the Subaru.