Ford Follows Tesla in Reducing Prices for Electric Vehicles

Ford is following Tesla in cutting electric vehicle prices in order to grow their market share and better compete against their competitors.

Ford is decreasing the price of their all-electric Mustang Mach-E and

the Ford Focus Electric by up to $2,500 and $2,000 respectively.

They expect that this price decrease would persuade more customers to choose electric vehicles,

especially given the overall cost of ownership of electric vehicles is lower.

Ford is banking that the combination of competitive pricing and enticing incentives for EV purchases will raise demand for their electric cars.

Ram 1500 TRX and a Ford F-150 Raptor R were spotted cruising together. - USA Vehicle