Ford Reduces Electric Vehicle Prices Following Tesla

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Ford is following Tesla in reducing the price of electric vehicles in an effort to gain market share and

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compete more effectively with other manufacturers.

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The cost of Ford's all-electric Mustang Mach-E and Ford Focus Electric are being reduced by up to $2,500 and $2,000, respectively.

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Because the entire cost of owning electric vehicles is lower,

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they expect that this price reduction would persuade more consumers to select them.

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Ford is betting that the combination of aggressive pricing and alluring EV sales incentives will boost interest in their electric cars.

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