Ford will start taking orders for the GT and GT Performance variants of its first electric Mustang on Wednesday, and it has finally revealed how much they’ll cost. The GT version starts at $59,900, while the Mustang Mach-E GT Performance has a starting price of $64,900 (before tax, title, registration, and delivery fees).
Both new versions of the Mustang Mach-E pack a more powerful wallop than the more affordable variants, and they come standard in an all-wheel drive configuration. In the Mustang Mach-E GT, that means a peak output of 480 horsepower and 600 pound-feet of torque and the ability to go from 0 to 60 miles per hour in 3.8 seconds. The GT Performance has the same peak of 480 horsepower but 634 pound-feet of torque, which helps it get to 60 mph in just 3.5 seconds.
That puts the GT versions of the Mustang Mach-E in contention with Tesla’s Model Y performance variant, which starts at $60,990, has around 450 horsepower, and can go from 0 to 60 mph in 3.5 seconds. On paper, though, the Model Y still outclasses the electric GT Mustangs when it comes to range. The Environmental Protection Agency rates the Model Y Performance at 303 miles on a full charge, while Ford says it’s targeting 250 miles for the Mustang Mach-E GT and 235 miles for the GT Performance. (More affordable versions of the Mustang Mach-E get anywhere from 211 miles to 305 miles, depending on the configuration.)
Of course, Ford doesn’t just want to be compared to Tesla, and in the press release it issued Monday, the company points out that the new GT variants of the Mach-E boast the same amount of horsepower as the gas-powered V8 Mustang Mach 1 but with more torque. The only more powerful Mustang Ford sells is the Shelby GT500, which has a supercharged V8 that packs nearly 800 horsepower. The Mach 1 starts at around $53,000, while the Shelby starts at nearly $73,000.
The GT versions of the electric SUV also have a track mode (in addition to the three standard driving modes that already exist on the Mustang Mach-E), which “provides more performance-oriented traction and stability control tuned specifically for track use,” according to Ford. And to really hammer home the performance aspect, the new track mode increases the volume of the interior motor noise Ford designed for the Mustang Mach-E.
There are a few other touches that separate these electric Mustangs. The pony logo on the front grille lights up, and there is a big GT badge at the rear. Ford’s GT logo is also stitched into the center console. Both come with red brake calipers and have Ford Performance seats in the front row.
Buying a GT variant is also the only way to get a Mustang Mach-E in Ford’s “cyber orange” paint color option. It comes in the similarly bright “grabber blue,” too, which was previously only available on the limited-run “First Edition” Mustang Mach-E.
The arrival of the Mustang Mach-E GT and GT Performance is the end of a chapter of sorts for Ford, as it has now debuted all of the variants of the first electric Mustang, which was announced back in November 2019. Early sales of the electric SUV are meeting Ford’s expectations, despite a number of relatively isolated issues with some of the first Mustang Mach-Es that made it to customers. The GT variants should add to that momentum while boosting profits. As they start hitting the road, heads will inevitably turn to what Ford has waiting in the wings: an all-electric F-150 and, perhaps one day, an electric Mustang sedan.
