2024 Ford Mustang V-8s Hit with Gas-Guzzler Tax, Higher Prices

The 2024 Ford Mustang with the optional V-8 will cost more than originally claimed, as first reported by Motor Authority.The V-8 models’ price increases are primarily due to gas-guzzler taxes that add an extra $1000 to $1300.The Mustang GT coupe now starts at $44,090 (up $1000), and the 500-hp Dark Horse now starts $60,895 (up $1300).

Folks planning to buy a 2024 Ford Mustang fitted with the revised 5.0-liter Coyote V-8 will have to pay at least $1000 more than previously expected. The price increase is a result of the new seventh-generation pony car getting hit with a gas-guzzler tax, which applies to vehicles that don’t meet federal fuel-economy standards.

Originally, the manual-equipped Mustang GT coupe had a base MSRP of $43,090, but now that jumps to $44,090 after adding the $1000 gas-guzzler tax. This also affects the GT Premium coupe and convertible models, which see their starting prices rise to $48,610 and $54,110, respectively.

Michael Simari|Car and Driver

The Mustang Dark Horse, which features an enhanced version of the Coyote V-8 and makes 500 horsepower versus GT’s 480—486 ponies, gets hit with an even higher $1300 gas-guzzler tax. That boosts the newly introduced performance model’s base MSRP to $60,895. A Ford spokesperson also told Car and Driver that the base price of the Dark Horse Premium has risen $1400 “due to strong demand.” It now starts at $64,860.

Several of the Dark Horse’s available options will also cost more than originally planned. The list includes the Appearance package (up $250 to $1500), the Handling package (up $495 to $4995), and the carbon-fiber wheels (up $500 to $8995). The 2024 Ford Mustang is slated to go on sale sometime this summer.

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Senior Editor

Eric Stafford’s automobile addiction began before he could walk, and it has fueled his passion to write news, reviews, and more for Car and Driver since 2016. His aspiration growing up was to become a millionaire with a Jay Leno–like car collection. Apparently, getting rich is harder than social-media influencers make it seem, so he avoided financial success entirely to become an automotive journalist and drive new cars for a living. After earning a degree at Central Michigan University and working at a daily newspaper, the years of basically burning money on failed project cars and lemon-flavored jalopies finally paid off when Car and Driver hired him. His garage currently includes a 2010 Acura RDX, a manual ’97 Chevy Camaro Z/28, and a ’90 Honda CRX Si.