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Ford Australia slashes prices on Mustang Mach-E electric SUV

In an interesting move that could cause a spike in sales, Ford has just announced some big price drops for the fully electric Mustang Mach-E in Australia. The all-electric SUV, set to hit the roads with the passion of its petrol-powered cousin, is now more affordable and undercuts some rivals.

Starting with the entry Select model, it now boasts a jaw-dropping $7000 haircut, bringing the starting price down to a more enticing $72,990. The Premium model, offering an impressive range of up to 600km, now dips below the Luxury Car Tax (LCT) threshold, starting from $86,990 (down by $4675).

2024 Ford Mustang Mach-E GT for Australia - rear

And for those craving the best in performance and handling for the Mach-E lineup, the flagship GT model, with its 358kW dual-motor system, now starts from $104,990 (down by $2675).

With both the Select and Premium models ducking below the LCT threshold, they qualify for the Electric Car Discount Policy, translating to exemption from the Fringe Benefits Tax (FBT) when acquired through a novated lease. Andrew Birkic, president and CEO of Ford Australia, said:

“This price reduction is a major positive for our customers and demonstrates our commitment to delivering the best products and great value to our customers. As the EV market continues to evolve, we are responding to it.”

2024 Ford Mustang Mach-E GT for Australia - interior

To refresh your memory on the specs, the entry Select variant is powered by a 71kWh lithium iron phosphate (LFP) battery, sending energy to a 198kW/430Nm electric motor at the rear axle. The system offers an official WLTP range of 470km, and a 0-100km/h time of 6.6 seconds.

Moving up to the Premium gets you a 216kW/430Nm rear-mounted motor, offering a WLTP range of 600km. Acceleration from 0-100km/h takes a claimed 6.2 seconds.

As for the GT (pictured), it features twin electric motors (AWD) that combine to develop 358kW and 860Nm. The range is listed at 490km, meanwhile, 0-100km/h comes up in a claimed 3.7 seconds. It is the quickest ‘Mustang’ currently on sale in Australia.

First deliveries of the Mustang Mach-Es are set to commence from December. The new S650 Mustang lineup is arriving next year. See below for snap-shot of the new prices (excluding on-road costs):

2024 Ford Mustang Mach-E Select RWD 198kW: $72,990
2024 Ford Mustang Mach-E Premium RWD 216kW: $86,990
2024 Ford Mustang Mach-E Select AWD 358kW: $104,990

Brett Davis

Brett started out as a motor mechanic, but eventually became frustrated working on cars that weren't his. He then earned a degree in journalism and scored a job at Top Gear Australia back in 2008, and then worked at Zoom/Extreme Performance magazines, CarAdvice, and started PerformanceDrive/PDriveTV in 2011 with Josh Bennis, and ran it for 12 years. He's now the owner and managing editor here at Driving Enthusiast.

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