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.
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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.”
It's given them the flexibility to continue making gas-powered models rather than getting rid of them so quickly like Dodge has.
Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
Ford CEO Jim Farley believes keeping the iconic American brand gas-powered makes good business sense for the automaker for the foreseeable future.
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.”
