Ford reduces the price of the Mustang Mach-E as the EV price war intensifies.

The automobile market is becoming increasingly competitive as automakers engage in an intensifying electric vehicle (EV) price war.

Ford is the most recent company to announce a big price reduction for its Mustang Mach-E EV.

Beginning in June 2021, buyers can acquire the EV for up to $10,000 less than previously.

The Mustang Mach-E is offered in four distinct trim levels with varying drivetrains and battery capacities.

This aggressive pricing places the Ford EV in competition with electric vehicles such as the Chevrolet Bolt and Tesla Model 3.

It also marks a significant milestone in the effort to produce affordable electric vehicles.

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