In January, Tesla Inc. launched the opening salvo in what experts have described as an EV price war when it slashed its pricing by as much as 20%.
Last week, Ford Motor Co. fired back.
On Monday the Dearborn, Michigan, automaker announced across-the-board price cuts on the all-electric Mustang Mach-E. The cuts ranged from $600 to $5,900, with the largest reduction bringing the price of the GT extended range version of the Mach-E down to $63,995. The vehicle's pricing now ranges from $45,995 to $63,995. Previously, it topped out at just below $70,000.
