Ford Motor Co (NYSE: F) said it is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models.
The automaker said the price hike is due to material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.
The markups range between $3,000 and $8,475, depending on the model and battery.
The Mustang Mach-E will now cost from about $47,000 to $70,000, higher than roughly $44,000 to $62,000 for the 2022 model year.
Picture Credits: Reuters
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