Here's the pricing changes on the Mach-E trims listed in the following chart (note: prices are listed without destination):

2023 Ford Mustang Mach-E Pricing
Select RWD Standard Range	$42,995
Select eAWD Standard Range	$45,995
California Route 1 eAWD Extended Range	$56,995
Premium RWD Standard Range	$46,995
Premium eAWD Standard Range	$49,995
GT Extended Range	$59,995

Ford notes the Nite Pony appearance package's price hasn't changed at $800, and the GT Performance package is lower, down to a $5,000 price tag. The updated BlueCruise is now $200 more expensive, and the delivery charge goes up from $1,500 to $1,800 on all models.

Right now, the Tesla Model Y is listed for sale on the automaker's website for $53,490 for the dual-motor long-range model, and $56,990 for the Performance model, before any potential incentives are applied. In the wake of the lower prices for both the Model Y and Mach-E, we've outlined which one we think is the better deal given their lower prices.

2023 Ford Mustang Mach E 4x Premium exterior 36

Back in January, and according to theDetroit Free Press, any existing Mach-E customers awaiting delivery of their vehicle will automatically be adjusted to the lower price. Any customers with a sale date after the first of the year who have already received delivery of their vehicle will also get the reduction.

Ford says two-thirds of Mach-E customers are conquests, meaning the customers are coming to Ford from competitive brands, and the new lower prices will only inspire more. The Mach-E was the third best-selling EV in the U.S. in 2022, and has helped make Ford the number two EV automaker in the country, only behind Tesla.