Ford Motor Co. plans to raise prices of its Mustang Mach-E electric vehicle by up to $2,000 for 2025 models due to tariffs on imported cars and parts from Mexico and Canada. Despite the iconic branding, the EV has struggled in sales, with only 11,607 units sold in Q1 2023. Ford also reported a projected loss of over $5 billion from its EV division in 2025, prompting concern about its strategies in the competitive electric vehicle market.
Ford's plan to increase prices of the Mach-E due to tariffs reflects financial pressures while struggling to gain traction in the EV market.
The increase in price for the 2025 Mustang Mach-E is expected to be up to $2,000, citing tariffs on imports from Mexico and Canada.
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