The American carmaker Ford has announced that it will increase the price of its crossovers depending on the options, from $3,000 to $8,500, with the final price depending on the installed battery. Ford said in a press release that the updated prices are due to "significant increases in material costs, continued stress on key supply chains and rapidly changing market conditions."
Battery raw material prices have doubled since the start of the coronavirus pandemic, to the point where some extended-range Mach-E models are already selling in the states as low as $70,000.
Ford is trying to smooth over the negative price action in its recent announcement by focusing on the positive changes that continue to affect its electric vehicles, including range extensions. Ford says its premium vehicles will have an estimated range of 290 miles in all-wheel drive starting this fall, up 13 miles from previous versions.
Ford also noted that its Co-Pilot360 driver-assistance technology is now standard across the Mustang Mach-E lineup and that it has added two new colors: Carbonized Gray Metallic and Vapor Blue Metallic.
