Excitement is at the peak as Ford is gearing up to launch the highly anticipated 2024 Ford Mustang Mach-E, and recent revelations about the compact electric SUV’s pricing have sparked further anticipation among enthusiasts and potential buyers alike. According to available information, the entry-level Select Standard Range (SR) RWD version of the 2024 Mustang Mach-E compact crossover SUV will command an MSRP of $39,995, mirroring the pricing of its predecessor from the previous model year. While the destination charge has yet to be confirmed by the automaker, this price point denotes a mere $100 increase over the preceding iteration, showcasing the company’s commitment to delivering exceptional value at affordable prices to consumers.

For those planning to buy the Premium trim, there is a slight price adjustment. The 2024 model of the electric SUV costs $1,100 more than its 2023 counterpart. Similarly, the GT version of the vehicle sees a modest surge of $1,600 in its price tag, though details regarding the GT Performance and Route 1 trims remain elusive.

Conceivably, the most intriguing addition to the lineup is the all-new Ford Mustang Mach-E Rally version, which is poised to make a grand entrance with an MSRP starting at $59,995. However, ambiguity lingers regarding additional options that could possibly push the price to $61,495, pending further clarification from the American automobile giant.

In total, the Ford Mustang Mach-E lineup offers four variants: Select, Premium, California Route 1, and GT. Standard models feature either a 72-kWh or 91-kWh battery, delivering power outputs ranging from 262bhp to 346bhp and torque from 430Nm to 580Nm. The top-tier GT models boast AWD as standard, delivering impressive outputs of 473bhp and 813Nm, while the GT Performance Edition pushes performance even further to 473bhp and 860Nm.

As EV enthusiasts are eagerly waiting for the official release of pricing details, speculation have started swirling about whether the Ford Mustang Mach-E will be eligible for the federal government’s tax credits. While the 2024 model mightn’t meet the conditions for the $3,750 federal tax credit, rumored leasing incentives from the automaker, potentially reaching $8,500, could mitigate this limitation, bolstering the vehicle's standing in the highly-competitive SUV market.

With the aforementioned prices, combined with the Dearborn, Michigan-headquartered automaker’s enticing leasing incentives, the Ford Mustang Mach-E is poised to emerge as a formidable competitor in the EV market, challenging rivals and redefining the benchmarks of performance and innovation.