Thomas Says “The Ford Mustang Mach-E Has To Be the Worst New Car You Can Buy Today, To Lose $20,000 In the First Year Is Mind-Blowing”

I purchased a 2022 Mache GT in May of 2022 for my wife. We were impressed with the styling, performance, and SUV-like interior space. At the time EVs were the new rage, so we reserved one of the few coming to our local dealer. Paid an MSRP around $70K. Article is absolutely on point as even considering the $7,500 tax credit, The car now has a resale value around $30-$35K with 20K miles on it. The biggest benefit, according to my wife, she never has to visit a gas station. I stalled a Class 2 220V/40amp charger in our garage. We have other gas vehicles, so we rarely take the Mache more than 100 miles from home… not my smartest financial decision. As things are today next car will likely not be an EV.

Just picked up an Equinox EV. Not worried about depreciation, I’ll be keeping it til it dies. You definitely need a 240 charger at home to have reasonable charging times. Overall, it’s a great second car. We also have a hybrid if we need to take a longer trip, don’t think the infrastructure is there for long trips yet.

I could honestly care less about my Mach E’s value dropping, i didnt purchase it as an investment. With lots of studies coming out that the EV batteries could outlast the cars themselves im not worried.

This is why I am going to lease a 2025 Mach-E

I purchased a 2024 Ford Mach E in October. I haven’t checked the resale value, but am aware it won’t be good. I love driving the car. I also added the expense ($1000) of a home charger. It’s frigid in Ohio right now and the range on my extended battery isn’t ideal, but it’s been a great daily driver for errands, etc. I like that I don’t have to try to find a charger.

Bought a ‘23Volvo xc40 certified with 5 k miles. Traded it in w/ 15k $9000 less than I paid. Bought a new Nissan ARIYA EV. Not put off by EV. Just wanted red

As an owner of a 2022 Ford Mach-e I have to disagree on a couple of points
First, I purchased mine second hand and took advantage of that price drop so a win for me. This also happens with gasoline vehicles
Secondly, 45% and only 8o miles left? This is indicative of the driving you have been doing. This range is an estimates and is based on your recent driving habits. For example if you’re driving at high speeds or up a lot of hills and have the heat or AC blasting your going to suck the energy quickly. If you’re driving at normal speeds and not stomping on the accelerator from every light, you’ll get better mileage. Just like turning off the lights in your house to save on your electric bill
EVs are far more economical than Gas. Costs me about 25 CDN for a full charge of about 440 kilometers. That lasts me about a week
I Love my Mach-e!

I have a mach-e awd and we are getting a second ev so this article is null and void for me. Great writing by the way.

Ford cannot control the market and outside variables. Period

Still enjoying my 2023 Mach E4 despite the steady stream of vitriol from the haters. I don't buy cars with the intent of selling them in a year so perhaps I'm not the right audience for Thomas's rant. Go ahead, keep burning oil. As it drops to 0F here in Wisconsin I never have to worry whether my ICE engine will start because - surprise - I don't have one. My radiator won't boil over because - surprise...Well, you get the point. Quiet, powerful, a pleasure to drive.

So Hertz dumping EVs has led to lower values in used EVs. Also price cutting to compete and move product. But EV sales volumes and share of the market continue to increase every year.

ICE vehicles are actually losing sales, they are down year over year. And there are big discounts on ICE vehicles to move them, get them off the lot.
High prices, too high MSRP from manufacturers during COVID have driven the prices to obscene levels.
Throw in 8 percent loans on vehicles and 11 percent on used cars and the cost of vehicles is just beyond anything reasonable.

I have the Toyota BZ4X 2023. Worst buy of my life. Paid $50,000 - owe $36,000 on it Toyota Dealer I bought from offered me $15,000. Told me I need to remember all new cars lose value. I would warn anyone looking to buy electric not too.
Recently took my EV on 2400 mile trip and it was awful. 3 hours to charge to go 50 miles. Don't ever buy Toyota BZ4X no matter what deal they give you. I would not even take a free one.

The F-150 lightning I bought in 2024 was a 2023 brand new model platinum version. Sticker price was $92,000 and they leased it to me for $69,000. I’m glad I leased it because on a reading of 310 max miles fully charged on a hot day with the air running I might get 200 miles on a road trip. That is the main reason I’m leasing. For city driving you can’t beat it, it’s when you put it on the highway that you have range anxiety.

Recently bought a 2023 Ford Mustang Mach E used with 990 miles. First off yes it has lost around 10K value but that's better than buying new. Secondly the interest rate of 6.99 % sucks big time! I got a good trade in for a 2020 Subaru Crosstrek Hybrid that I didn't love but I do love the Mach E . To me, it is worth the BS!

Agree 1000% with this article. I bought my slightly used (2k miles) ‘22 Ford Mach e Premium in March 2023 for about $52 out the door. 2 months later, Ford lowered the prices of NEW Mach e’s about 10-15k thanks for Tesla lowering their prices. I’m still way underwater which makes owning this car such a disappointment.

Your fair tale story used all the worst ways to determine the value of a used car. First you didn't pay $43,000 because you got over $7000 in government rebates. So now it's $36,000. By going to a dealership your trade-in value takes another hit of around 30 percent. Now your down to about $26,000. Add your so called hit of $20,000 to the above $26,000 and you get around $46,000. Basically the original car price of $50,000 is only down about $4,000. Your depriated EV is right in line with any North American car. You should wright about things you know about instead of trying to make advertising money with controversial head lines.

You are out of your mind. You want a great investment don’t buy any car! You get them to drive and to enjoy the drive!
With the rapidly improving technology you should lease EVs. To minimize cost and to protect yourself from the uncertainty of the market!

This isn't an EV issue. Look at the entire market. Vehicles of all kinds. Especially high price, high margin vehicles values are dropping like crazy. Manufacturers can't move these vehicles. So the initial prices drops considerably. So do trade in values of existing vehicles. Which is why all vehicle values are cratering.

I don't get it... How are you losing $20k in the first year? Who buys a car just to sell it again within the first year? If you do this, then that's on you... It's speculative. Whatever happened to buying a car and keeping that car to enjoy it?

Just another EV hater focussing on the negatives. Who CARES that the EVs depreciate alot after 1 year or whatever!? What does it matter when most folks are not looking to sell it after only a short term? WAAAY too many benefits EVs offer than just the resale value of the car.. FOCUS ON THE POSITIVES! And no, interest in EVs has not "plateaued" as u wrote which is total misinformation! EV purchases have INCREASED substantially since they've been introduced. It used to be Tesla was the only car maker that made electric cars and now every car brand is offering an EV in their fleet so why do you think that is? So no it has not plateaued at all. Interest in EVs are at all time high and will continue that trend year to year till, one day, ICE cars will no longer exist.

Cars are not investments first of all, and secondly any car depreciates dramatically the second you drive it off the lot. If someone is worried about the value after only a year of buying it, they have likely bought it for the wrong reasons. Keep the car for many years, enjoy driving it cause Mach e is a fun car to drive, enjoy never pulling into a gas station, and stop worrying about what its value is. Life is short.

I rented the Mustang Mach E because I was interested in buying an EV vehicle. I am happy that I took the time to rent it first because I would have been extremely mad if I would have purchased it. Price point is not the only issue. As the article points out, range is a major issue. I too had 80 Mi left at 45%. There is no way that
you can travel in cold weather with the heat at an appropriate temperature and save power. Everyone knows that people have the heat on in their cars when it is 35° or colder. If you are driving the car for an hour with the heat on 72°, your charge will decrease about 15% within that hour - possibly more depending on the rate of speed that you are driving. Now let's say you are taking a road trip. The car helps you find charging stations but normally the charging stations are far and have wait times- that is if they are even working. In addition, I ended up spending more money charging the car at public stations than I did putting gas into my Jaguar. I rented the car in the month of December so I was unable to enjoy having a Mustang because I was too concerned with saving power. To say that this car gave me anxiety would fall short. At times I was in a full-on panic.
However, I really enjoyed the self-driving function of the car.