This happened after competitor Tesla lowered prices on its electric cars. The company also announced the expansion of its range of standard battery models. Prices for most Mach-E models have decreased by 7.8% or $3,000-$4,000 depending on the version. Ford’s CEO emphasized that the company will not set prices just to gain market share, unlike Tesla. In January, Ford already lowered prices on the Mustang Mach-E after raising them in August. In addition, Ford stated that all standard range models will be powered by lithium-iron-phosphate (LFP) batteries, which improves EPA ratings.
