Ford’s CEO rules out an electric Mustang, but says new body styles are possible

Ford CEO Jim Farley recently talked about a potential expansion of the gas-powered Mustang range, while ruling out an electric version of the popular sports car.

In an interview with Autocar during last month’s Goodwood 2024 members’ meeting in the UK, where Farley jumped behind the wheel of an early Alan Mann Racing Mustang, the Ford CEO promised there would never be an electric Mustang.

“The only thing I can promise is that we will never make an all-electric Mustang,” he said. “I look at other users of pure electric power like Formula E, and even companies like Rimac, and I don’t think this will be a good fit for Mustang.”

He said earlier this year that he plans to keep the V-8 engine alive in the Mustang as long as possible, and that Ford has the option available because of the emissions offset offered by electric vehicles like the Mustang Mach-E.

Jim Farley

Jim Farley

However, some form of Mustang electrification is coming. Ford said last month that it was looking to add a hybrid option across its lineup, and in his interview with Autocar, Farley said electric motors “work well” when it comes to performance.

Farley also revealed that Ford plans to continue surprising with new non-hybrid versions of the Mustang. He cited Porsche’s multiple versions of the 911 as a potential model to follow and the wild Mustang GTD as a sort of rolling laboratory for potential upgrades. While the GTD will start at around $325,000, Farley said Ford is looking at ways to boost performance for future variants while keeping things relatively affordable, like reducing weight.

Farley also said in his interview with Autocar that additional body styles were possible, such as a four-door that is not an SUV, although he stressed that any future variants of the Mustang would need to match the “performance and stance” of the original.

The redesigned Charger will be available in coupe and sedan models, and there are rumors that the discontinued Chevrolet Camaro may also include a sedan model when it returns. The new Charger will be available with gasoline engines, though there are no V-8s, and the jury is still out on what Chevy has planned for the engines in the next Camaro.

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