To close out the year strong, Ford is offering more ways to save on its electric vehicles. Ford introduced a new year-end sales event with significant discounts on its top-selling EV models, the F-150 Lightning and Mustang Mach-E. Here’s how you can score some savings.
Ford increases discounts on EV models to close out 2024
With several discount programs, Ford is making it easier than ever to go electric. The company launched its new year-end sales event on Friday, boosting discounts on 2024 Lightning and Mach-E models.
Ford’s new promotion offers 0% financing for 72 months and $5,000 in Bonus Cash. In addition, you get a free EV charger, and Ford is covering the cost of standard installation.
On October 1, Ford introduced its new “Power Promise” program. The initiative is designed to show buyers the true benefits of driving an EV, like waking up with a fully charged vehicle every morning.
All new EV buyers get a free Level 2 home charger with no standard installation fees. To sweeten the deal, Ford is also offering free 24/7 live support and an 8-year/ 100,000-mile battery warranty.
If you choose to lease, the savings can be even bigger. Ford is offering up to $10,500 ($7,500 EV Red Carpet Lease + $3,000 bonus cash) in lease cash on the 2024 Mustang Mach-E. And don’t worry, you also get the free home charger with installation as part of the Ford Power Promise.
When leasing, the 2024 Ford F-150 Lightning is eligible for up to $6,500 ($3,500 Red Carpet Lease + $3,000 bonus cash).
2024 Ford F-150 Lightning trim
Starting Price
Range (EPA-est miles)
XLT
$62,995
240
Flash
$67,995
320
Lariat
$76,995
320
Platinum
$84,995
300
Platinum Black
$92,995
300
Updated 2024 Ford F-150 Lightning price and range by trim (*not including $2,095 destination fee)
Ford is opening up its sales network with nearly 3,000 dealers across the US now able to support new EV customers.
With another 6,264 electric models sold in October, Ford’s EV sales in the US reached nearly 74,000 through the first ten months of the year, up 38% from 2023.
2024 Mustang Mach-E trim
Range
Starting Price
Mustang Mach-E Select
250 mi
$39,995
Mustang Mach-E Premium
320 mi
$43,995
Mustang Mach-E GT
280 mi
$53,995
Mustang Mach-E Rally
265 mi
$59,995
2024 Mustang Mach-E price and range by trim (*not including destination fee)
Ford has sold nearly 39,000 Mustang Mach-Es, up 23% YOY, and over 24,600 F-150 Lightning models in the US this year. The Mach-E is the second best-selling electric SUV in the US, while the Lightning is the second best-selling EV pickup, behind the Tesla Model Y and Cybertruck.
Ready to take advantage of the savings? We can help you get started. You can use our links below to find the best deals on the Ford F-150 Lightning and Mustang Mach-E in your area.
FTC: We use income earning auto affiliate links.More.
China’s CATL launched its new Bedrock Chassis on Monday, calling it “the world’s first ultra-safe skateboard chassis.” The global EV battery leader said its newest tech “activates a trillion yuan market” as the new standard for intelligent vehicle design. According to CATL, it will also end the belief that gas-powered cars are safer than EVs.
CATL launches the world’s first ultra-safe EV chassis
On December 24, CATL officially launched the new Bedrock Chassis with “outstanding” safety performance. The company proved it in a video presented during the launch event.
The video showed a prototype model’s front impact at 120 km/h (about 75 mph) without exploding or catching fire. CATL claims its newest tech “sets a new standard for intelligent chassis safety” with comprehensive protection across all scenarios and speed ranges.
According to CATL, the Bedrock Chassis passed the world’s first “highest speed +strongest impact” dual extreme safety test.
In China, the commonly used speed for frontal impact safety tests in the C-NCAP (China New Car Assessment Program) is 56 km/h (35 mph).
At that speed, the collision generates energy equivalent to falling from a 12-meter-high (39-foot) building. At 120 km/h, it’s like dropping 56 meters (183 feet). According to CATL, the collision energy is 4.6 times greater.
During the launch, Ni Jun, CATL’s chief manufacturing officer, said, “Safety is the core of CATL—it’s part of our DNA.”
A trillion yuan market
There has been no previous instance of a new energy vehicle (NEV) “daring to challenge a 120 km/h frontal pole impact test,” the company said during the event.
With a battery-centered design, CATL’s new Bedrock Chassis directly integrates the battery cells into the unit. The design enables it to absorb 85% of the vehicle’s collision energy compared to about 60% by a traditional chassis.
The unit features an “ultra-safe battery cell design,” disconnecting the high-voltage circuit instantly within 0.01 seconds. It will then complete the vehicle’s residual high-voltage energy discharge within 0.2 seconds, a new industry record.
CATL boasted that its new chassis design “paves the way for the industry,” but more importantly, “it also overturns the conventional belief that gasoline vehicles are safer than NEVs.”
The global EV battery leader claims its new Bedrock Chassis “activates a trillion yuan market” and will accelerate the shift toward modular, personalized, intelligent vehicle design. At the launch event, CATL revealed that AVATR will be the first automaker to use the new tech.
CATL is on a “never-ending journey” to create safer batteries and vehicles to accelerate the industry’s shift to EVs.
The news comes after CATL revealed ambitious plans to expand its EV battery swap network last week with its new “Chocolate” SEB batteries. CATL aims to phase out gas stations over the next few years as it rapidly expands battery swap stations across China.
FTC: We use income earning auto affiliate links.More.
Construction at BYD’s new EV plant in Brazil was suddenly halted Monday after authorities found Chinese workers in “slavery-like” conditions. The workers were hired in China by another firm, and BYD has since cut ties.
Why construction at BYD’s EV plant in Brazil is halted
According to a statement from the Public Ministry of Labor (MPT), 163 workers at the construction site of BYD’s new EV plant in Salvador, Brazil, were “being held in conditions analogous to slavery.”
Construction on the site was halted on Monday after the findings. According to the authorities, Jinjiang Group, one of the contractors BYD hired to build the new EV plant, hired the workers in China.
BYD released a statement saying it has cut ties with Jinjiang and is assisting the victims as it works with Brazilian authorities. All workers will be transferred to hotels. They will not be able to work and will have their contracts terminated.
Alexandre Baldy, senior vice president of BYD Brazil, said the company remains “committed to full compliance with Brazilian legislation, especially with regard to the protection of workers’ rights and human dignity.”
The MPT statement detailed the extreme “slavery-like” worker conditions. For example, they had one bathroom for every 31 workers, forcing them to wake up at 4 am to get in line to be ready for work at 5:30 am. They slept without mattresses on the bed, and the kitchens operated in “alarming conditions.”
If a worker quit after six months, they would leave the country without any pay after factoring in the cost of a round-trip airplane ticket.
BYD said it has held a “detailed review” over the past few weeks. The Chinese EV giant asked Jinjiang several times to improve the conditions.
A joint virtual hearing of the MPT and MTE is scheduled for December 26. The MPT said the need for new “on-site inspections” has not been ruled out. BYD’s new EV plant is set to begin production next year. Check back soon for more updates on the situation.
BYD is already a top-selling EV brand in Brazil. In October, it launched its first pickup, the Shark PHEV. The pickup is BYD’s sixth vehicle in Brazil, joining other popular models like the Dolphin Mini (Seagull), Yuan Plus, and Dolphin.
Source: Bloomberg, Brazil Public Ministry of Labor
FTC: We use income earning auto affiliate links.More.