Ford Increases Mustang Mach-E and Maverick Prices
Ford has announced price increases for its all-electric Mustang Mach-E SUV and the popular Maverick pickup truck. The increases, reaching up to $2,000, are attributed to higher import taxes on vehicles manufactured in Mexico.
This news comes shortly after Ford reported that these tariffs will add $2.5 billion to the company's costs for the remainder of 2025. General Motors estimates a potential impact of up to $5 billion.
Impact on EV Sales
These price hikes could make it more challenging for automakers like Ford to sell electric vehicles. Ford is already facing significant losses in its EV program, reportedly in the billions. The situation could worsen if the $7,500 federal EV tax credit is eliminated, a possibility hinted at by both former President Trump and House Speaker Mike Johnson.
The increased prices apply to vehicles built after May 2nd. Reuters initially reported on the price adjustments. Ford has not yet issued a public statement regarding the price increase.
Source: Reuters and TechCrunch reporting on Ford's EV program losses. Information regarding the potential elimination of the EV tax credit can be found in this Electrek article.
