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Prices will start at an eye-watering £300,000, dependent on spec, and first customer deliveries are expected in September.
So, what do you get for your money?
Well, the first bit of good news is that ‘electric’ doesn’t mean milk-float pace. The Charge Mustang has a 64kWh battery pack and electric motors producing 469bhp, which should make for a sub-four-second 0-60mph time.
The result is that this limited-run model will end up being rather faster than the V8-powered Mk1 Mustang it’s based on.
The car’s part-time four-wheel drive powertrain is supplied by EV technology company Arrival and will be contained within a licensed shell for the classic fastback look.
And, to answer that essential electric-car question, it’s said to have a 200-mile range.
Further details are scarce, although prospective customers are promised bespoke cabins ‘rich in ambience and detail’.
In addition, the dashboard will be brought into the 21st century, with high-tech features and a digital interface.
The company behind this project, Charge Automotive, is based in London, and its engineers have collaborated with firms including McLaren Automotive, Jaguar Land Rover and Williams F1.