This is the news we've been waiting to hear, although it's not yet official. However, the source is legitimate. According to information from Autoline Daily, citing a report from AutoForecast Solutions, an all-electric Ford Mustang is due to arrive for the 2028 model year, thus following in the footsteps of the all-new 2021 Mustang Mach-E. The video discussion begins at the 4:30 mark.

This is a big deal for a number of reasons, key among them is that it'll end the muscle car formula that's been in existence for decades. Once Ford makes the EV decision, it's fair to assume Chevy and Dodge will follow suit. The report further implies the current sixth-generation Mustang will remain in production for the next seven years.

And just to be clear: the next-gen Mustang is expected to drop combustion engines entirely. A full seven years until the Mustang EV arrives gives Ford plenty of time to learn valuable lessons from the Mach-E and apply them to its star pony car. Production will continue to take place at the Flat Rock Assembly facility in Detroit where the current Mustang is built. If all goes to plan, the all-electric Mustang will begin production in December 2028.

But what about plans for the S650 Mustang generation that's expected to debut in 2022 or 2023? This report makes no mention of it, but we previously wrote the S650, which should include a hybrid Mustang, will last for an eight-year lifecycle. If so, this clashes with the launch timeline for the all-electric Mustang.

Oddly, we have yet to see any spy photos of the S650 Mustang, which is unusual for any new vehicle tipped for a debut in the near future. Now, this doesn't mean the S650 generation has been dropped entirely, but rather it might not be "all-new." Instead, it'll be a major update of the current Mustang, which dates back to 2013. Basically, it could serve as a stop-gap measure until late 2028 when the all-electric Mustang is ready.

Like General Motors and other major mainstream automakers, Ford has committed itself to an EV future. Given the rapid rate some US states and countries have announced plans to ban sales of new combustion-engine vehicles, it only makes sense for Ford to take the initiative with its most famous nameplate.