NewsNational News

Actions

Ford hikes prices on new electric Mustang models just before orders go out

Ford Mustang GT
Posted at 9:45 PM, Aug 26, 2022
and last updated 2022-08-29 11:04:09-04

Ford is raising the price of its new electric Mustang just days before the models go out and new orders come in.

The 2023 Mustang comes in a rear-wheel drive base model, starting at about $46,000.

The new price is about $3,000 more than last year's version, CNN reported.

Other higher-end models could cost as much as $70,000 but would feature state-of-the-art technology.

Features could include advanced driver assistance technology and an extended range battery pack allowing drivers to go around 290 miles before needing a charge.

Ford cites supply chain issues and ever-changing market conditions for its price hike.

Orders open soon for the new electric vehicles.