The Ford Mustang Mach-E has been pitted against its rival, the Ford Escape, in a battle of wits when it comes to total cost of ownership. While the Escape may have an edge in terms of upfront price, the Mach-E's superior technology and driving quality make it a compelling choice for many buyers.
One key factor that sets the Mach-E apart from the Escape is its impressive acceleration and handling capabilities. With its powerful electric motor, the Mach-E can go from 0-60mph in just 5.6 seconds, making it a joy to drive on both paved and unpaved roads.
However, the Escape also has its own strengths, particularly when it comes to fuel efficiency. The plug-in hybrid model of the Escape is capable of achieving an impressive 37 miles per gallon equivalent (mpge) in electric-only mode, making it a great option for those who want to reduce their carbon footprint without sacrificing too much range.
Despite these strengths, the Mach-E's lower total cost of ownership makes it a more attractive option for many buyers. According to our analysis, the Mach-E Select model comes in at just $31,398 over a 5-year period, while the Escape Active costs $32,125.
This difference is largely due to the Mach-E's superior depreciation and lower interest rates on its loans. While both vehicles depreciate by around 60% over 5 years, the Mach-E loses value slightly less quickly than the Escape, resulting in a lower total cost of ownership.
Another key factor that sets the Mach-E apart from the Escape is its lower fuel costs. With electricity prices averaging $0.07 per kWh and gas prices averaging $4.00 per gallon, the Mach-E's electric motor makes it a more affordable option for those who charge their vehicles at home.
However, it's worth noting that the Escape Plug-in Hybrid model does steal the win in one scenario, where the electricity price jumps to $0.13 per kWh and gas prices remain unchanged. This highlights the importance of considering different scenarios when evaluating the total cost of ownership of an electric vehicle.
Overall, the Ford Mustang Mach-E's lower total cost of ownership makes it a more attractive option for many buyers. With its superior technology, driving quality, and fuel efficiency, the Mach-E is a compelling choice for those looking to switch to an electric vehicle.
As with any major purchase, there are many factors to consider when evaluating the total cost of ownership of an electric vehicle. These include depreciation, interest rates, mileage, and fuel costs, among others. By considering these factors and adjusting assumptions as needed, buyers can make informed decisions about which vehicle is best for their needs and budget.
The Ford Mustang Mach-E's lower total cost of ownership is a significant advantage for electric vehicle buyers.
