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The Ford Mustang Mach-E is clearly a superior vehicle to the Ford Escape. It’s got better tech, better driving quality, better acceleration, and a cooler look. However, it comes at a higher price. Well, it comes at a higher upfront price.
I’ve recently been running comparisons of the “fuel costs” of electric vehicles and similar gas-powered vehicles, including a comparison of the Ford Mustang Mach-E and the Ford Escape. However, several years ago, I did more robust comparisons that took other factors into account as well — interest, maintenance, and depreciation, notably.
I decided to go back to one of those old Google Sheets and plug in the numbers for the Ford Mustang Mach-E and the Ford Escape. I ran two scenarios, and I will walk through the assumptions in a moment, but here are some key results:
The Ford Mustang Mach-E Select came in with a 5-year total cost of ownership of $31,398, while the Ford Escape Active came in at $32,125. Those are the cheapest versions of the two models. This was under a scenario that matches my local situation — $0.07/kWh for electricity charging overnight (easy time to charge), $4.00/gallon for gas (about 50 cents below the price today), and 10,000 miles a year.
