2023 Mach-E Price Increases Substantially! 💰

[generaltso]

At this point, Chevy blazer RS seems more bang for buck.

Hard to say since it could be more expensive by the time it's released.

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[MacherAWD]

Hard to say since it could be more expensive by the time it's released.

Yup, those Blazer, Equinox and even current Bolt prices were all with No Federal Tax credit, now that $7500 is back on the table I would expect prices to rise

 

[Neil4Real]

- Your quotes price of $127k includes people buying them second hand. Rivian does not sell nay vehicles for that price.

- The price increase in March 2022 is for new orders. Sure... You can choose to focus on that price, or you can do the rational thing and focus on the prices most people are really paying, which is the price I posted.

Rivian is still working on fulfilling orders from 3 years ago. Although some people have paid the new price, the vast majority of sales over the next year will be at the old price... Which I accurately quoted.

What point are you even trying to make now? I think you’ve lost track… you CAN’T objectively compare two car prices when one of the cars is at an old price no one can order them at and the other car is at the latest price everyone has to order them at. How the heck is that the rational thing to do? “hey, guys, this MME price increase is crazy, 7 years ago my Model S was cheaper. Who would pick a GTPE over the Model S with its super refined tech. Everyone is going to order a Model S, even though it’s now $100k, it used to be cheaper than the new GTPE price.”

 

[Neil4Real]

I’ve always wanted to take a shot at a Taycan, with everyone saying they’re only $15k more, who’d get a MME, I took a look. LOL they’re still optioning you to death. Tech package, comfort package, moon roof, moon roof colors, 8 way adjustable seat, 14 way adjustable seat, 18 way adjustable seat, holy freaking cow. Just to get the driver assistance features the MME has and add ventilated seats you’re basically at $100k on their base model.

 

[voxel]

The price increases are too much for me to upgrade to a 2023 model. Doesn't seem to be any major changes either?

I have a $79K R1S order and both Lyriq trims (RWD and AWD) at $62K and $64K to hold me over in 2023. I will wait for a major refresh in 2024 to buy another MME.

 

[voxel]

The BMW i4 eDrive40 and M50 are now viable competitors to the Premium AWD ER and GT trims.

 

[kennethjk]

The BMW i4 eDrive40 and M50 are now viable competitors to the Premium AWD ER and GT trims.

Wait until you see their price increases, it will be across the board on all car companies

 

[Blue highway]

This is a hugely disappointing announcement from @Ford Motor Company. EV prices need to be trending in the other direction. I sincerely hope this is because of the crazy lithium market and not just a cynical cash grab.

When the developed world prints 40% more currency in ~18 months (which we did), prices will rise. What you hear in the news about the "decrease" in inflation is just continuing inflation at a slightly slower rate. Because of the money printing frenzy, prices will rise from the 2019 baseline by ~40% over the next 2 years...

 

[ARK]

The BMW i4 eDrive40 and M50 are now viable competitors to the Premium AWD ER and GT trims.

Unfortunately, they lost their tax credit in full basically overnight. That vehicle really gives a sense of the EV price premium manufacturers charge.

The i4 is priced $10,000 more than similarly optioned ICE 4 series. With no tax credit, that’s a pretty penny to pay for that car, high 50s instead of high 40s for the ICE. And the comparison is even worse if you see the 4 series/i4 Gran Coupe itself as little more than a 3 series with a body kit, similar 3 series starting in low 40s.

 

[yngwenli]

I see your assessment. I think the one thing overlooked here is the rising components costs are not unique to Ford and Tesla. They affect all EV manufacturers. I think you will find very soon that those other cars you listed will get a 15%-20% price increase. There's no way that a Cadillac Lyriq, with that amazing interior, MSRPs for the same price as a Mach-E Premium ER RWD. For those that have already reserved a Lyriq, yes, they'll get the lower price. But for reservation holders of 2024 models, big price increases are coming.

Some of this 1st/2nd year pricing on the MME and 1st year on Lyriq I feel are they can't have their major name brand product or totally new platform EV (GM) fail. I think I mentioned it before, but Mustang and F150 are key products for Ford and over pricing it will be a bad media/launch move. Make the price low enough to get rave reviews/buzz/sales/sold out/etc...Overprice it and no one will buy and every review will say it's overpriced.

If it was priced much much higher, there are less of that. Almost like early iPhones and the long lines you see out there all the time (those days are long gone now).

Same for Lyriq I feel. The Bolt (I had one) was a major pie in the face for GM and the Lyriq/Blazer are things they need some positive news on. Maybe why GM cut the price of the Bolt with it's fire issues.

I also agree with you that all other 2023 EVs will probably raise prices IF THEY CAN. Not sure how good/bad the Subaru/Toyota is doing and if they fixed their wheel falling off issues, but as long as supply/demand is not balanced, manufactuerers/dealers will try to make as much as they can. That's just basic business sense.

 

[voxel]

Wait until you see their price increases, it will be across the board on all car companies

2023 i4 prices have already been announced. They removed the fancy driver assists features from the e40 trim and is only available on the AWD M50 trim.

I almost put a $1K nonrefundable deposit in a $66K fully loaded 2023 i4 eDrive40 with adaptive suspension. It's basically the same price as a Model 3 Performance and is somewhere between a Premium 4X and GT trim.

 

[voxel]

Unfortunately, they lost their tax credit in full basically overnight. That vehicle really gives a sense of the EV price premium manufacturers charge.

The i4 is priced $10,000 more than similarly optioned ICE 4 series. With no tax credit, that’s a pretty penny to pay for that car, high 50s instead of high 40s for the ICE. And the comparison is even worse if you see the 4 series/i4 Gran Coupe itself as little more than a 3 series with a body kit, similar 3 series starting in low 40s.

i4 without the tax credit is very comparable to the Model 3 Performance (no tax credit) and GT trims with tax credit. The adaptive suspension, handling, and 300+ miles of range are big selling points to me.

 

[yngwenli]

I wonder how high prices can go before demand starts to fade. Rising rates are already affecting housing starts. Coworker canceled her order for a new build and was one of many in the subdivision to do so. Rates are set to rise again I believe. Not a great time to finance an extra $5-$8K.

I'm hoping that when the dust settles on January 1st, the new law will make solar a financially viable option. Free home charging would go a long towards my car paying for itself. Electrical rates are rising or have risen in New England. The tax credits and a solar option might be what's needed to keep the idea of switching to a BEV attractive. Going to be an interesting 12 months.

Housing values have definitely dropped in my area due to higher interest rates...Going from 2-3% to 5-6% will do that. Tells me that as a buyer, it might be GOOD actually to buy and lock in a lower priced house and higher rates and refi when/if rates go down again. If you're stuck/locked paying a higher housing price, there is little/nothing you can do. As a home seller, low rates are good since you cash out at the higher housing price.

As for solar, it always depends on your prices and your own usage. Use no/little power, solar makes little sense. Live in CA with extremely high rates and it keeps only going up, it's sorta a no brainer for "MOST" people with constant fire cut offs, etc. My bills would probably be over $600+ now if not for solar/storage.

 

[ARK]

i4 without the tax credit is very comparable to the Model 3 Performance (no tax credit) and GT trims with tax credit. The adaptive suspension, handling, and 300+ miles of range are big selling points to me.

That’s fair, I guess it depends on how much electrification is worth to someone since for that $10,000 price difference, they can get all those things for substantially less on ICE, or get a much more capable version by spending the same but on a higher ICE variant, i.e., M440i Gran Coupe.

 

[yngwenli]

Except that's not true. Take a look at the prices.

A Mach E GTPE is $76k.
Lyriq AWD is $64k.
A very well equipped quad motor R1S large battery with about 320 mile range is only $79k.
The Macan EV is predicted to start in the $70k-$80k range.
The only vehicle I listed starting above $80 is the iX.

All of those vehicles have comparable or better performance and features that a similarly prices Mach E.

The Mach E is now squarely in the price range of higher end luxury brand vehicles, which will make it very hard for the Mach E to compete.

I'm not knocking the Mach E. I bought one of the first ones. I have a premium AWD ER, which was a deal at the time I bought it.

There was virtually no competition at the time outside of Tesla.

Times have changed.

The competition is heating up, and I don't think the Mach E will do well at these prices. Perhaps the lower end Mach Es will find a niche in the market, but I can't fathom the GTPE doing well at its current price range.

Since I follow the Macan EV as well, I think I've seen prices in the $100k range as well (and $80k start in that motor trend piece), but like all Porsches, they then REALLY nickle and dime you for anything/everything. They are very customizable, but we'll have to see when those vehicles you posted actually can be ordered.

Lyriq is sold out as someone else mentioned and Rivian had major price hikes.

A lot of people are complaining about the price jump of around 10-15%, but I feel other EV makers will be raising prices as well. Battery costs have definitely gone up and as for what else is out there, that's definitely a major factor.

Until there are a ton more choices, I think not much will change and we're still in a market where all MME are pretty much sold out and you won't find many MSRP sales sitting on dealer lots. Until that happens, we're stuck I feel.

I'd be curious what the Korean brands do since they are getting good market share, but those are in the ~$50k+ price range too so not "cheap". I expect 2023s to go up in price personally.


Model Y is $67k start and they are probably the "standard" EV price to compare with. I don't think everyone wants a Tesla due to everyone else having one, Elon, minimal and some don't care about "tech" that much honestly and the looks are subjective.

It's easy to say we'll not buy MME now due to pricing (I paid sub/closer to $40k after all incentives), but if the market is what it is, your only option is simply to live without said product if everything is that pricey.

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