Ford’s 2023 Mustang Mach-E Price Cuts Rival Tesla Model Y in Canada Ford’s 2023 Mustang Mach-E Price Cuts Rival Tesla Model Y in Canada

Photo of author

By Ronald Tech


Ford Motor Co F has reportedly significantly reduced the prices of its 2023 Mustang Mach-E in Canada, amid increased competition from Tesla Inc‘s Model Y and other electric SUV options.

The price cuts range from C$5,000 ($3,709) to C$13,000 ($9,644), Drive Tesla reported. The reductions are across most 2023 Mach-E models, with the GT Performance Edition Extended Range seeing the most cut.

These price adjustments make the Mustang Mach-E a more competitive option in the EV market. Additionally, all Mach-E models now qualify for a federal rebate of C$5,000, the report noted.

Ford did not immediately respond to Benzinga‘s request for comment.

Fueling The Electric Vehicle Race in Canada

The Mustang Mach-E is Ford’s sole electric SUV, in the same category as Tesla’s best-selling Model Y which starts in Canada at C$53,990 ($40,053). With the new price cut, the Mach-E Select RWD Standard Range starts at C$51,995 ($38,573), below the Model Y.

Model Y was the best-selling vehicle across the globe last year with over 1.2 million units of them sold. Tesla has also been cutting prices on the Model Y in the geography, making it start at the same price as its cheapest offering- the Model 3 sedan.

Image Via Shutterstock

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: Rivian R1 EVs To Offer Tesla’s New Model 3-Like Customization For Interior Mood: ‘We’re Working On It’


See also  Assessing the Best Self-Custody Lightning Wallet in Real-World Conditions Assessing the Best Self-Custody Lightning Wallet in Real-World Conditions