According to Motor Authority, the 2024 Mustang with the optional V-8 will cost more than was initially estimated.
The main cause of the price rises for the V-8 vehicles is the additional $1000–1300 in gas-guzzler taxes.
The 500-hp Dark Horse now starts at $60,895, up $1300 from the previous starting price of $44,090 for the Mustang GT coupe.
Buyers who want to purchase a 2024 Ford Mustang with the updated 5.0-liter Coyote V-8 will have to fork over at least $1000 more than anticipated. The new seventh-generation Pony car is subject to a petrol guzzler tax that is levied against vehicles that do not adhere to federal fuel economy rules, which is the cause of the price hike.
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The 2024 Ford Mustang V8 has generated a lot of buzz, but there are some important details that potential buyers need to be aware of. This article will explore the gas guzzler tax and price hike associated with the new Mustang model.
The Ford Mustang has been an iconic American car since its introduction in 1964. The 2024 model is no exception, with a sleek design and powerful V8 engine that can deliver up to 480 horsepower. However, the 2024 Mustang V8 comes with some additional costs that potential buyers should be aware of.
Gas Guzzler Tax
One of the biggest downsides of the 2024 Ford Mustang V8 is the gas guzzler tax that comes with it. This tax is imposed by the US government on cars with low fuel efficiency. The 2024 Mustang V8 has an estimated fuel efficiency of 16 miles per gallon in the city and 24 miles per gallon on the highway. This puts it well below the fuel efficiency standards set by the government, which triggers the gas guzzler tax.
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Ford Mustang price
In addition to the gas guzzler tax, the 2024 Ford Mustang V8 also comes with a significant price hike compared to previous models. The base price for the 2024 Mustang V8 is expected to be around $40,000, which is significantly more than the base price of the 2023 model. This price hike is due in part to the additional costs associated with meeting fuel efficiency standards, as well as the higher cost of materials and labor.
While the gas guzzler tax 2023 and price hike may be a turn-off for some potential buyers, it’s worth noting that Ford has significantly improved the fuel efficiency of the 2024 Mustang V8 compared to previous models. The engine features advanced fuel injection technology and a new 10-speed automatic transmission that helps improve fuel efficiency. However, the V8 engine will always be less fuel efficient than smaller engines, so the gas guzzler tax will likely remain a factor.
For those who are looking for a more fuel-efficient option, the 2024 Ford Mustang also comes with a turbocharged four-cylinder engine that delivers up to 310 horsepower. This engine is more fuel efficient than the V8 and does not trigger the gas guzzler tax. Additionally, there are several other sports cars on the market that offer better fuel efficiency without sacrificing performance.
Ford Mustang reviews
The 2024 Ford Mustang V8 is a powerful and stylish sports car, but it comes with some additional costs that potential buyers should be aware of. The gas guzzler tax and price hike may be a turn-off for some, but Ford has significantly improved the fuel efficiency of the V8 engine. For those who are looking for a more fuel-efficient option, there are several alternatives available.
What is the gas guzzler tax?
What is the gas guzzler tax?
The gas guzzler tax is a tax the US government imposes on cars with low fuel efficiency.
Why does the 2024 Mustang V8 trigger the gas guzzler tax?
The 2024 Mustang V8 has an estimated fuel efficiency of 16 miles per gallon in the city and 24 miles per gallon on the highway, which puts it below the fuel efficiency standards set by the government.
How much is the gas guzzler tax for the 2024 Mustang V8?
The exact amount of the gas guzzler tax for the 2024 Mustang V8 has not been announced, but it is expected to be several thousand dollars.