Ford Follows Tesla in Reducing Prices for Electric Vehicles

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

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

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

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

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

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

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

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