We’re little more than a week away from the unveiling of the seventh-generation Ford Mustang, but new details continue to emerge.

While Ford announced plans for a hybrid pony car in 2018, that would be “all about delivering V8-like performance with more low-end torque,” we haven’t heard much about the model since then. It appears there might be a good reason for that as the hybrid is reportedly dead.

In a report that originally flew under the radar until being noticed by Autoblog, Automotive News is reporting the hybrid variant was originally slated to be launched around 2025. However, three sources told them the hybrid has now been scrapped.

Also Watch: 2024 Ford Mustang Roars To Life In New Teaser

That isn’t the only bad news as the publication is reporting the model is expected to remain rear-wheel drive only. While there were rumors about an all-wheel drive variant to battle the Dodge Challenger GT, it appears the next-generation pony car will continue to embrace its rear-wheel drive heritage.

The report also says Ford will build the seventh-generation model for eight years and this means it will likely be the last ICE-powered Mustang. An electric pony car is then expected to arrive around 2030. However, the exact timing remains up for debate as Autoweek says the EV could be introduced in mid-2028, as a 2029 model, and ride on the same platform that underpins the Mustang Mach-E.

In the near term, the 2024 Mustang will debut on September 14th with an edgier design as well as a classier cabin that features a digital instrument cluster and a new infotainment system. Engine options remain unconfirmed, but the turbocharged 2.3-liter EcoBoost four-cylinder could develop around 320 hp (239 kW / 324 PS), while one version of the 5.0-liter V8 could approach the 500 hp (373 kW / 507 PS) mark.

Picture credit: S. Baldauf/SB-Medien for CarScoops