This classic, but electric, Mustang costs PHP 23.9M

Do you remember Charge Cars? Back in late 2018, we first reported about the London-based company that builds all-electric 60s-era Ford Mustangs. You read that right, the pony car they're building doesn't run on cylinders. Instead, it comes with a powerful electric motor that runs on batteries.

The result is a whopping 544 PS with a stump-pulling 1,200 Nm of torque. Clearly, it's more powerful than the 60s-era Mustangs from which the EV shares its looks. However, the car they revealed nearly four years ago was still a prototype – meaning the company was still making changes and updates to the vehicle.

That all changes today as Charge Cars officially revealed the production version of the electric pony car. While it continues to make 544 PS, the electric Mustang now makes more pulling power. From 1,200 Nm, Charge Cars says it now generates 1,500 Nm. When equipped with an all-wheel drive system, the EV can sprint from 0 – 97 km/h in a brisk 3.9 seconds.

Providing energy to the electric Mustang is a relatively small 62-kWh battery pack. On a full charge, the vehicle has a maximum range of about 322 km. When fitted with a fast DC charging system, the vehicle can be quickly recharged from 20% to 80% in less than an hour.

Inside, each vehicle comes with a digital instrument panel, a touchscreen infotainment system, and sport bucket seats finished in leather. However, all customers will be given the opportunity to personalize their cars. These include the cabin materials, interior colors, as well as the other details inside the electric Mustang.

Only 499 examples will be made, and each will have an eye-watering price tag of GBP 350,000 (or around PHP 23.9 million), not including options and accessories. However, some of you might be wondering if Charge Cars had to use existing models in order to make the electric Mustangs a reality.

Fortunately, Charge Cars mentioned that all 499 examples are not resto-mods. Instead, each car is based on an officially-licensed 1967 Mustang Fastback shell. Charge Cars then makes use of lightweight composite panels and modern materials in order for each vehicle to meet current safety standards. Moreover, they have also streamlined its features and minimized the panels to give it a “fresh, contemporary feel”.

If you had PHP 24 million laying around and want to have a classic car-turned EV, would you get one? Let us know in the comments.