Dodge’s popular muscle cars, the two-door Challenger and four-door Charger, will be discontinued in 2023 and replaced in 2024 by a fully electric model, the Wall Street Journal reported Wednesday.
Dodge announced two new electric vehicles at the Dodge Speed Week event in Pontiac, Michigan, this week, according to a press release by Dodge parent company Stellantis. The first was the Dodge Hornet, a Compact Utility Vehicle that offered both a plug-in hybrid and traditional gas engine model, and the second was the battery-powered muscle car, the Charger Daytona SRT Concept, named in honor of the Charger Daytona, the first car to break 200 mph on a NASCAR track.
A new executive order from the Biden administration has accelerated the timeline for electric vehicles and raised questions about the economic impacts of the transition away from gas-powered vehicles.
President Joe Biden signed the executive order Thursday aimed at making 50% of vehicles zero emission in the U.S. by 2030, an aggressive push toward electric vehicles. About 2% of new cars sold each year in the U.S. are currently electric, according to the Pew Research Center.
“The Executive Order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis,” the White House said.