Price stung! 2024 Ford Mustang Mach-E pricing comes down, but will existing customers be forced to pay original costs for Tesla Model Y and Kia EV6 rival?

Ford Australia has tweaked pricing for its Mustang Mach-E ahead of its late 2023 launch, with the mid-spec Premium and top-spec GT coming down slightly in price after changes in the luxury car tax.

When pricing was initially announced in May, the Premium and GT grades were positioned at $92,990 before on-road costs and $108,990 respectively, but each have dropped $1665 and $1325.

This means pricing for the Premium sits at $91,665 and the GT is asking $107,665.

Ford Australia has confirmed that existing customers who placed an order when books were open in May will pay the lower price as deliveries have yet to begin.

The entry-level Select retains its $79,990 price as before.

Specification has not changed from before, with the most affordable Mustang Mach-E equipped with a 71kWh battery for a WLTP-certified driving range of 470km thanks to its exclusively rear-driven wheels.

The electric motor outputs in the Select grade reach 198kW/430Nm for a 0-100km/h sprint in 6.6 seconds.

Standard equipment includes a 15.5-inch Sync4A multimedia touchscreen, 10-speaker B&O sound system, surround-view monitor, wireless smartphone charger, synthetic leather interior, power-adjustable front seats and a panoramic glass sunroof.

Stepping up to the mid-spec Premium adds a larger 91kWh battery, while the single electric motor driving the rear wheels is up-rated to 216kW/430Nm.

As a result, driving range extends to 600km, while the 0-100km/h time is cut to 6.2s.

Aside from the powertrain changes, the Premium also scores LED headlights, contrasting red interior stitching, interior ambient lighting and bespoke scuff plates.

Finally, sitting atop the Mustang Mach-E line-up is the GT, which features dual-electric motors for all-wheel drive and a combined output of 358kW/860Nm.

The Mustang Mach-E GT can accelerate from 0-100km/h in just 3.7s, though the higher output motors mean the 91kWh battery is only good for a 490km driving range.

However, the high price is also justified with the inclusion of MagneRide adaptive dampers, 20-inch alloy wheels with Pirelli rubber, Brembo brakes and a performance-oriented driving mode called ‘Untame Plus’.

All Mustang Mach-Es also come equipped with autonomous emergency braking (AEB), rear cross-traffic alert, lane departure warning and lane keep assist, with the model also awarded a maximum five-star ANCAP safety rating.

Seven exterior colours are also on offer, with Shadow Black the only standard choice, whereas Star White, Space White, Vapour Blue, Grabber Blue, Rapid Red and Carbonised Grey incurring a $700 fee.

Ford also notes that the base-grade Select uses a lithium iron phosphate (LFP) battery, whereas the other two grades nickel cobalt manganese (NCM) unit.

The former is touted as “very durable” and can “tolerate more frequent and faster charging while using fewer high-demand, high-cost materials”.

The Mustang Mach-E will be Ford Australia’s second full-electric vehicle after the E-Transit large van launched earlier this year, and will compete directly against other all-electric SUVs like the Kia EV6, Hyundai Ioniq 5 and Tesla Model Y.

Ford’s electric car rollout will continue next year with the E-Transit Custom mid-size van and Puma EV small SUV.

2024 Ford Mustang Mach-E pricing before on-road costs