According to Autoweek, based on a report by AutoForecast Solutions, the final gas-powered Ford Mustang will go into production in March 2023 as a 2024 model. Sources familiar with the matter claim that a fully electric Mustang will likely come to market in 2028 as a 2029 model, completely replacing the gas-powered pony car.

The report goes on to suggest that the future Mustang EV will ride on the same platform as the Mustang Mach-E electric crossover, which is likely to see some changes over the years. Regardless, Autoweek writes that in its current form, the Mach-E's battery chemistry and technology should help make a future Mustang EV a success.

Ford CEO Jim Farley recently announced that the automaker will show off an all-new Mustang at the next Detroit Auto show. However, people weren't sure if he was referring to a previously mentioned hybrid version, a fully electric version, or simply the next-gen gas-powered Mustang.