According to Jim Farley, we can thank the Mach-E for the 7th gen Mustang and the continuation of the gas-powered Mustangs.

It's given them the flexibility to continue making gas-powered models rather than getting rid of them so quickly like Dodge has.

Farley said a big reason Ford is continuing with gas-powered Mustangs is, ironically, the success of the Mustang Mach-E, an all-electric crossover that first went on sale in late 2020 and has actually outsold the gas-powered version during some months.

The Mach-E, which shares little to nothing with the gas-powered Mustang other than a name, has led Ford to become the second bestselling brand of EVs in the country.

That EV success has given the automaker more flexibility to carry forward with gas-powered models, compared with rival automakers who have to chase electric vehicle sales and regulatory emission credits awarded for them.

Carmakers are required to have a certain amount of regulatory credits each year. If a company can’t meet the target, it can buy the credits from other companies, such as Tesla, that have excess credits.

“The Mustang Mach-E, in a way, created, allowed this car to happen,” Farley said. “Competitors are buying credits for emissions, and they can’t come out with this kind of vehicle.”