Image: FordThe move comes in response to increasing competition in the electric vehicle segment. According to Autocar, the price of the Explorer has fallen by between £4,035 and £4,800, depending on specification, bringing the entry-level rear-wheel-drive 58 kWh Style variant to £35,185. The all-wheel-drive 77 kWh Explorer Premium is now priced below £50,000. Prices for the Capri have dropped by £4,080 to £5,070.Alongside the price adjustments, the carmaker upgraded standard equipment and increased the range of Standard Range variants by 43 miles. New features include an updated Sync infotainment system, enhanced adaptive cruise control, a reversing assistant, a driver monitoring system and a three-pin power outlet with up to 2.3 kW output.Ford told Autocar that the changes respond to the ‘highly competitive EV market.’ In January, Ford Europe announced upgraded versions of its electric models, the Explorer and Capri, both of which are available for order.The base versions of both models now offer increased range and performance, as announced, thanks to a new lithium iron phosphate (LFP) battery and an upgraded electric motor. In the Ford Capri, output rises from 125 kW to 140 kW, with maximum torque reaching 350 Nm. This improvement is driven by the new APP350 electric motor from the Volkswagen Group, which Ford Motor Company uses alongside the MEB platform for its Cologne-built electric models, the Ford Explorer and Capri. The APP350 replaces the previous APP310 and delivers significantly higher efficiency, although both are permanent-magnet synchronous machines.In the Standard Range variants, the new motor is combined with a jointly developed battery from Ford and Volkswagen. The net energy content of the entry-level battery increases from 52 kWh to 58 kWh. The Explorer follows the same pattern, with its WLTP range rising from 378 to 444 kilometres. The Capri achieves slightly better figures, primarily due to its more aerodynamic design.Nevertheless, Autocar also cites sources from the remarketing industry that raise concerns about the broader impact on residual values. It had already declined by close to 9 per cent since December 2025 for nearly new Explorer models. This was prior to the latest price cuts.“[The price cut] causes buyer caution, because they don’t know if there will be another cut, and that continues into used car values,” a senior remarketing industry source told Autocar. “This drop will hit monthly rentals through worsening residual values, and when trade buyers see this, they won’t bid as much: they will bid under book value. That will take time to level out.”autocar.co.uk