Ford is offering a new $3K discount and lease offers on the 2023 Mustang Mach-E
For those waiting to buy the 2023 Mustang Mach-E, now may be the time. Ford is offering a range of incentives and lease offers to get you in your new EV, including a discount of up to $3,000.
Ford’s all-electric crossover SUV, introduced in 2019, has risen to become one of the top-selling EVs in the US.
Over 39,000 Mustang Mach-E’s were sold last year, placing it third among the top-selling electric vehicles in the US, behind only the Tesla Model 3 and Model Y.
Meanwhile, Mach-E sales have dropped this year, down 20.6% through the first half of 2023. The slowdown was expected as Ford revealed last year it would be retooling its Mexico plant where the Mach-E is built, resulting in downtime.
Ford says it’s beginning to catch up. Andrew Frick, VP of sales distribution, explained, “Improved Mustang Mach E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year.”
The move “helped Mustang Mach-E sales climb 110% in June,” according to Frick. In light of this, Ford’s overall EV sales increased 35.5% in June.
Mustang Mach-E production has drastically picked up since the beginning of the year, with zero built in January, 300 in February, 7,381 in March, 11,858 in April, 13,639 in May, and another 13,000 in June.
With production back up to speed, Ford is offering new incentives and discounts on the 2023 Mustang Mach-E. Here’s a look at the current deals.
2023 Ford Mustang Mach-E discount and lease incentives
In a recent interview with The Detroit Bureau, Darren Palmer, vice president of Ford’s Model e business, explained that the automaker was not worried about growing EV inventory.
Instead, Palmer said, “We’re just loading up dealers.” He added that the Mach-E has been on backorder since launching.
It looks like Ford is now looking to unload those additional Mach-E models. On Ford’s website, the company promotes a retail offer for 1.9% APR for 60 months through Ford Credit financing, plus an additional $3,000 bonus cash discount on the 2023 Mustang Mach-E Select and GT models.
The 2023 Mustang Mach-E lease offers include $408 per month for 36 months through Ford Credit Red Carpet Lease with $5,188 cash due at signing.
According to the folks over at Ford Authority, the company is offering various incentives based on the market.
For example, in NYC, the Red Carpet Lease offer includes $586 per month for 36 months, with $0 due at signing. In Detroit, the offer is $439 per month, with $439 due at signing. For those in LA, the offer is $569 per month with $0 due at signing.
The 2023 Ford Mustang Mach-E comes in four trims:
| 2023 Mustang Mach-E trim | Starting Price | Range (mi) |
Battery |
| Select | $42,995 | 250 | 72 kWh |
| Premium | $46,995 | 250 | 72 kWh |
| California Route 1 | $56,995 | 312 | 91 kWh |
| GT | $59,995 | 270 | 91 kWh |
Keep in mind that the Mustang Mach-E is also eligible for the $3,750 tax credit provided by the IRA, which can help knock the price down even further. The incentives mentioned above are valid through October 2, 2023.
Don’t miss out on the latest Ford Mustang Mach-E discounts. Use our link to reach out today and find the perfect EV for you at a great price.
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Environment
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday.
Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at the CERAWeek by S&P Global. The U.S. is in “active dialogue” with Canada and Mexico, the energy secretary said.
President Donald Trump has paused until April 2 tariffs on Mexican and Canadian imports that are compliant with the agreement which governs trade in North America. Trump originally imposed broad 25% tariffs on goods from both countries as well as lesser 10% tariffs on energy imports from Canada.
It’s unclear, however, how much of the oil, gas and other energy that the U.S. imports from Canada is compliant with the United States-Mexico-Canada Agreement. Wright declined to provide specifics when CNBC asked how much of those imports are USMCA compliant.
“I’m going to avoid the details for now,” Wright said. The energy secretary said, “We can get to no tariffs or very low tariffs but it’s got to be reciprocal” in an interview with CNBC’s Brian Sullivan.
Canada’s energy minister, Jonathan Wilkinson, warned last week that energy prices will rise in the U.S. if the tariffs on energy imports go into full effect.
“We will see higher gasoline prices as a function of energy, higher electricity prices from hydroelectricity from Canada, higher home heating prices associated with natural gas that comes from Canada and higher automobile prices,” Wilkinson told CNBC’s Megan Cassella in an interview.
The U.S. has been the largest producer of crude oil and natural gas in the world for years. But many refiners in the U.S. are dependent on heavy crude imported from Canada. The U.S. imported 6.6 million barrels of crude oil per day on average in December, more than 60% of which came from Canada, according to the Energy Information Administration.
Wright acknowledged that the tariffs are creating uncertainty in energy markets as negotiations continue.
“We’re in the middle of negotiations for where things are going to go with tariffs, so that feels frightening and gripping right now but this time will pass,” Wright said. “Deals will be made, we’ll get certainty and we’ll have a positive economic environment for Americans going forward.”
U.S. crude oil fell more than 1% Monday to close at $66.03 per barrel, while global benchmark Brent closed at $69.28 per barrel. Crude oil futures have pulled back substantially as Trump’s trade policy creates uncertainty and OPEC+ has confirmed that it plans to gradually bring back 2.2 million barrels per day of production beginning next month.
Apple is rolling out a notable update to Apple Maps EV Routing for Ford drivers. Starting today, Ford Mustang Mach-E and F-150 Lightning drivers can use Apple Maps EV Routing via CarPlay to plan road trips that include Tesla Superchargers – or any station that uses the North American Charging Standard (NACS) connector.
As I’ve explained before, Ford began shipping adapters CCS to NACS adapters that allow Mach-E and Lightning drivers to charge at Tesla Superchargers last year. Until today, however, Apple Maps was unaware of this change. This meant Apple Maps EV Routing would only route Mach-E and Lightning drivers to CCS charging stations, even though a route with Tesla Superchargers might’ve been more efficient.
With today’s change, Apple Maps via CarPlay will now include NACS fast charging stations, such as compatible Tesla Superchargers, in recommended route planning recommendations.
In a blog post, Ford explains:
Apple Maps EV Routing in CarPlay allows drivers to input their route and can view the estimated battery level they will have when they get to a destination, as well as suggested charging stations along the way if charging is needed. Previously, Mustang Mach-E and F-150 Lightning drivers would have to manually open another app, then enter a NACS fast charger as a destination to have it added to their route. Now, with the Apple Maps EV Routing and NACS fast charger integration, the experience will be more seamless.
How to Use Apple Maps EV Routing in CarPlay:
- Connect your Apple iPhone to CarPlay.
- Open Apple Maps, go to Settings, and confirm your preferred charging network(s) – make sure you select a NACS fast charging station, such as Tesla Supercharger. You only have to do this once.
- Enter a destination.
- Apple Maps will then calculate the estimated state of charge you will have when you get to a destination.
- If a charge is required, depending on the fastest route, it will automatically route you to a NACS fast charging station.*
This is a significant update to the Apple Maps EV Routing experience for Ford drivers. Next up on my wishlist is support for battery preconditioning when using Apple Maps EV Routing. Android Auto added this feature last October.
The new feature is available now to iPhone users running iOS 17 or later. No software update is required for your car.
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James Murdoch, a Tesla board member and friend of CEO Elon Musk, has confirmed that he sold about $13 million in stock today as the stock (TSLA) crashed.
There has been a lot of insider trading at Tesla lately, and by trading, we mean selling – cause no insider is ever buying at Tesla.
We recently reported on Kimball Musk, Elon’s brother, and Tesla’s Chief Financial Officer Taneja Vaibhav recently selling ahead of a recent drop in the company’s stock price.
Tesla’s chairwoman, Robyn Denholm, also sold $33 million worth of Tesla shares last week and over $100 million in the last 3 months.
Now, it’s James Murdoch’s turn. The Tesla board member just confirmed, through a required SEC filing, that he sold 54,776 Tesla shares for just over $13 million today:
He sold as Tesla’s stock crashed 15% today. It is now down more than 50% from its all-time high just a few months ago.
Murdoch was appointed to Tesla’s board in 2017.
He is better known as the son of media mogul Rupert Murdoch and the former CEO of 21st Century Fox from 2015 to 2019.
Murdoch was one of the Tesla board directors who was forced to return almost $1 billion in cash and stock options to Tesla as part of a settlement for over-compensation.
Electrek’s Take
Tesla insiders are unloading, and those are just the ones we know about. Public companies only have to report insider trading for board directors and listed top executives.
For the latter, Tesla purposefully only lists 3 people: Elon, Vaibhav Taneja, Tesla’s CFO, and Tom Zhu, whose role at Tesla has bit quite fluid in recent years.
Therefore, we don’t know about the dozens of other top executives potentially selling their shares right now amid a giant correction.
It’s really suspicious because there are clear top leaders at Tesla who are often on Tesla’s earnings calls, and they are not even listed, like Lars Moravy, for example.
But it’s par for the course at Tesla, which has some of the worst corporate governance I have ever seen. It’s truly shameful.
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