Which is the better option, the 2024 Ford Mustang Mach-E or 2024 Tesla Model Y? Our comparison guide is here to help you make the right decision, depending on what you want in a midsize luxury SUV!
Key Takeaways
- Although both crossovers are known for their tech-savvy cabins, the Mustang Mach-E delivers more in terms of modern style and quality interior materials.
- With more ways to build a Mustang Mach-E, Ford’s luxury EV has wide-ranging appeal.
- Thanks to the new Performance Upgrade, the Mustang Mach-E zooms past not just the Tesla Y, but also the Porsche Macan 4 Electric!
- The 2024 Tesla Model Y is available for the full $7,500 tax credit! Unless you lease, the Mustang Mach-E unfortunately no longer qualifies for the federal tax credit.
What Trim models are Available for the 2024 Ford Mustang Mach-E?
With four handsomely equipped trim models, the Mustang Mach-E offers more options than the Tesla Model Y, ultimately appealing to a wider range of drivers. The entry-level Select gives you a great deal on a luxury EV. Upgrade to the Premium for a longer list of interior comfort features, such as heated front seats. With the GT, you’ll enjoy both incredible luxury and high-performance hardware. Then there’s the all-new Rally trim, which is specially designed to deliver high-speed off-roading!
The Tesla Model Y keeps things simple with two trim models, Long Range and Performance. Although the Performance ultimately delivers a speedier drive, both trims share the same list of luxury features. The list is impressive — including dual-zone automatic climate control, power-adjustable front seats, and heated front and rear seats — though not exactly unusual. And neither Model Y trim can compete with the Mustang Mach-E GT’s performance upgrades (see below) or the Mustang Mach-E Rally’s off-roading equipment!
Has the Interior of the 2024 Ford Mustang Mach-E Been Updated?
Thanks to major updates for the 2024 model year, the Mustang is our first choice for interior luxury. The entry-level Mustang Mach-E Select trim now comes standard with some very impressive features: wireless smartphone charging, a 10.2-inch digital cluster screen, SYNC 4 infotainment with a 15.5-inch touchscreen, built-in navigation, and a 360-degree camera system. Ford’s hands-free BlueCruise driving hardware is also standard. (The system is now subscription-based, and a 90-day trial is included with your purchase.)
For us, the Tesla Model Y is a little too reliant on its central touchscreen, which serves as both an infotainment setup and a driver information screen. For the uninitiated, it’s also a bit awkward to glance sideways in order to view vital data, like your current speed or navigation route. On the other hand, the Model Y is handsomely equipped with tech features. Its standard lineup includes a 15-inch central touchscreen, wireless charger, and a 14-speaker sound system.
Is the 2024 Ford Mustang Mach-E Fast?
With its newly available Performance Upgrade, the Mustang Mach-E leaves not just the 2024 Tesla Model Y in its wake, but also the Porsche Macan 4 Electric! Available for the high-performance Mustang Mach-E GT trim model, this upgrade adds 100 pound-feet of torque to your drive, for a total electric output of 480 horsepower and 700 pound-feet of torque. So equipped, Ford estimates that the Mustang Mach-E can now travel from 0 to 60 mph in just 3.3 seconds!
Ford’s stylish EVs are available with either a standard or extended-range battery. You can also choose between rear- and all-wheel drive! Your Mustang Mach-E’s powertrain output will vary according to which battery and drive you select:
- Standard Range, RWD: 264 horsepower, 387 lb-ft of torque
- Standard Range, eAWD: 325 hp, 500 lb-ft
- Extended Range, RWD: 290 hp, 387 lb-ft
- Extended Range, eAWD: 365 hp, 500 lb-ft
- GT eAWD: 480 hp, 600 lb-ft
- GT eAWD with Performance Upgrade: 480 hp, 700 lb-ft
- Rally eAWD: 480 hp, 700 lb-ft
Of course, the Tesla Model Y is famously quick. In fact, its Performance trim model is barely slower than the fastest Mustang Mach-E, with a 0 to 60 time of just 3.5 seconds. Both Model Y trims come standard with sporty all-wheel drive, demonstrating an agile performance on a twisty road.
The Tesla Model Y powertrain output varies according to trim model:
- Long Range: 384 hp, 376 lb-ft
- Performance: 455 hp, 487 lb-ft
Does the 2024 Tesla Model Y offer a Tax Credit if Bought?
The federal tax credit adds allure to qualifying hybrids and EVs. For 2024, every version of the 2024 Tesla Model Y qualifies for the entire $7,500 tax credit. Thanks to changes in the law that took effect January 1, 2024, the credit now works as an instant tax rebate, bringing the Tesla Y’s $44,990 starting price down to $37,490.
Unfortunately, your purchase of a 2024 Ford Mustang Mach-E no longer qualifies for the federal tax credit. However, its starting price of $39,995 is actually very competitive to the cost of a tax-credited Model Y! And, thanks to a legal loophole, you can actually lease a brand new Mustang Mach-E and apply the entire $7,500 credit to your leasing agreement!
However, there are a few caveats, including price caps on vehicle price and buyer income. Dealers also must verify each vehicle by VIN number to ensure it’s eligible. Check with your local dealership to ensure they're able to provide you with the tax credit you seek!
Is the 2024 Ford Mustang Mach-E Worth Buying?
With its incredible speed, modern technology, and wide range of trim models — including the all-new, off-road-ready Rally — the 2024 Ford Mustang Mach-E has completely won us over! We think you’ll agree that Ford’s luxury EV SUV outshines the competition.