Ford Price Drop
Happy Tuesday. It’s cold. Enjoy the latest EV news. See you Thursday.
Also, if you don’t forward this newsletter to 5 friends in the next hour, you’ll have 7 years of… ahh never mind. Have an amazing day.
Electric Vehicles
Ford is lowering prices of the Mustang Mach-E by an average of $4,500 after Tesla announced similar plans for its EVs. The price cuts will vary from $600 to $5,900, and mean not all Mach-E models will be profitable on a per-unit basis, according to Ford. The company expects to offset some of the reduced profit with cost improvements, including increased production and reduced commodity costs. The Mach-E's starting price will range from $46,000 to $64,000. Ford was the second-best selling automaker of EVs in the US last year, selling more than 65,000 vehicles, while Tesla’s estimated sales were over 522,000. Who’s next for price drops?
In Other EV News
- TravelCenters of America and Electrify America will work together to install approximately 1,000 EV chargers at 200 locations along major highways in the US over the next five years.
- Production of the 2024 GMC Hummer EV SUV has begun at the GM Factory Zero plant, starting with the sold-out Edition 1.
- Avis Budget Group and EverCharge have launched a large number of EV charging stations at the George Bush International Airport in Houston, Texas to power Avis and Budget’s fleet of EVs.
- Tesla has two models in the top ten best-selling cars in the world for 2022.
- Rivian and Clearloop held a “first charge” event recently to unveil Rivian’s new Waypoints EV charging site in Paris, Tennessee. Rivian's Waypoints chargers across Tennessee will be powered by 100 percent carbon-free renewable energy.
- Audi has unveiled an electric luxury SUV concept vehicle that uses augmented reality glasses and can double as a small pickup truck.
- Geely has shared a teaser video of a new electric sedan and announced a new series of New Energy Vehicles.
