Massive incentives make Ford's new EV even more enticing.
The upcoming Ford Mustang Mach-E already has a lot going for it. It's one of the most stylish electric vehicles around, the Mustang badge promises plenty of enjoyment from behind the wheel, and it'll be easier to charge than ever. For those on the fence about buying into the hype, a new report from Cars Direct highlighting the Mach-E's attractive incentives could convince you to take the plunge.
The news is particularly good if you are based in California, where the Mach-E's combined incentives add up to a substantial $11,000. With this in mind, a new Mustang Mach-E slips in at below $35,000.
The largest incentive is the federal tax credit of $7,500, for which the Mach-E qualifies. Notably, new Teslas no longer qualify for this incentive, giving the Ford a significant edge. Added to this is a Clean Vehicle Rebate of $2,000 and, when these incentives are combined with the new California Clean Fuel Reward of $1,500, the combined saving works out to $11,000.
Excluding the destination charge, the Mustang Mach-E starts at an MSRP of $42,895. With these savings, that number drops to $31,895. By comparison, the Tesla Model Y begins at $49,990, but remember, it doesn't qualify for that federal tax credit any longer.
More good news is that whether you opt for the 68-kWh or 88-kWh battery, both versions qualify for the Clean Fuel reward. These aren't the only reasons to consider buying the Mach-E, as Ford Credit is offering an extended 84-month loan option plus 0.9 percent APR over a period of 48 months. Following Ford's decision earlier this year to drop the price of the Mustang Mach-E by up to $3,000 depending on the model, the EV is more appealing than ever.
All that's left to do now is get behind the wheel and find out if Ford's promises translate into an engaging driving experience. We won't have much longer to wait as the first examples of the Mach-E are expected to arrive at dealerships before the year ends.