Save Big: Ford Mustang Mach-E Charging Costs Revealed!

In the world of electric vehicles, the Ford Mustang Mach-E has emerged as a top contender, with over 40,000 units sold in 2023, solidifying its position as one of America’s best-selling EVs. But what sets it apart is not just its performance and design, but also its cost-saving benefits when it comes to charging. So, how much does it actually cost to charge a Mustang Mach-E and how does it stack up against its gasoline counterparts?

What?

Ford offers the Mustang Mach-E with Standard Range and Extended Range battery packs, priced at $9.61 and $12.14, respectively, for a 10-90% charge using the national average electricity rate of 16.68 cents/kWh. Charging at home on a Level 2 charger is recommended for cost-effectiveness, with rates varying significantly based on location and time of charging. Setting up a Level 2 charger at home can come with additional costs, potentially negating the savings from charging at home.

Why does it matter?

Charging a Mustang Mach-E at a DC fast charger, such as a Tesla Supercharger, can be more expensive than home charging. While Ford plans to switch to the NACS port in 2025, current owners can use an adapter for Tesla Superchargers. Rates at Tesla Superchargers range from 25 to 50 cents/kWh, which is significantly higher than the average home charging rate. The cost of charging at other DC fast chargers varies based on location, with providers typically charging higher rates plus transaction fees and taxes.

Comparing the cost of charging a Mustang Mach-E to fueling a gas vehicle paints a clear picture of the savings potential. According to Ford’s calculator, driving a Mustang Mach-E can save significant amounts over five years compared to a gas vehicle like the Ford Escape. The efficiency of electric vehicles in terms of cost per mile traveled is evident, making them a compelling choice for budget-conscious consumers.

How is it going to shape the future?

As electric vehicles become more mainstream, understanding the charging costs and savings associated with them becomes crucial for consumers looking to make the switch from traditional gas-powered vehicles. The affordability, convenience, and environmental benefits of electric vehicles, exemplified by the Ford Mustang Mach-E, are paving the way for a greener and more cost-effective future in the automotive industry.