Unless you’ve been living under a rock, last week’s Detroit Motor Show hosted the arrival of the new Ford Mustang. The Blue Oval pony car continues on to the seventh generation model with a nice internal combustion engine under the hood, the fourth generation of the Coyote V8. For fans and enthusiasts, this is good news, and they have the Mustang Mach-E to thank for it.
As we all know, the Mustang Mach-E’s all-electric crossover shares nothing with the pony car except a badge. However, its nature as an EV plus strong sales allowed Ford to keep the ICE-powered Mustang alive.
That bit of information came from Ford’s own CEO, Jim Farley, while speaking to CNBC. According to Farley, the Mustang Mach-E is a big reason why Ford was able to continue with the new petrol-powered Mustang.
For the record, the Mustang Mach-E has sold well since its introduction in 2020. In this way, Ford has accumulated enough regulatory credit for the company to have some flexibility when it comes to offering its line. Other automakers have to buy credit from those with more than enough, such as Tesla, which sells credit as an immediate profit.
“The Mustang Mach-E was, in a way, invented, allowing this car to happen,” Farley told CNBC. “Competitors buy credit for emissions, and they can’t go out with these kinds of vehicles.”
By competitors, Farley means Dodge and Chevrolet. Dodge has announced its final hurray with a bunch Last call a version for its muscle car duo that will pave the way for the next-generation Challenger and all-electric Charger.
Meanwhile, Chevrolet has yet to confirm that but all signs point in the direction that the automaker is turning off the nameplate after the 2023 model year. There have even been reports that an electric sedan will serve as a replacement, but we’re not holding our breath for that.