Price War Intensifies as Ford Also Slashes EV Prices
Earlier this week Ford Motor Company announced that it was lowering costs for its Mustang Mach-E as well as boosting the sport utility vehicle's production. This came weeks after Tesla lowered prices for its cars by a whopping 20% in reaction to declining demand globally. Ford further indicated that orders that had already been placed by the customers and were awaiting delivery would be subjected to the revised costs. Ford's financing department will offer low interest charges of as little as 5.34% on Mach E orders made on Jan. 30, 2023, through April 3, 2023. The price reductions for the…