Charge Cars that hoped to sell an electromod version of the 1967 Mustang went out of business. It says that significant challenges facing the EV space led to its current state. The company serves as a warning example for several other hopeful boutique startups. Charge Cars has run out of juice. The once hopeful builder of the stunning and all-electric '67 is, for now, out of business. That sad news comes despite an official license from Ford and a slew of great press around their first car.
It is thus with deep sadness that we inform you that, as of 31 May 2024, Charge Cars Ltd has been placed into Administration. Mark Smith and Stephen Cork of Cork Gully LLP have been appointed as Joint Administrators to manage the Company’s affairs, business, and property, it said in a post. Charge Cars is a great example of how hard making it in the automotive industry can be. The '67 is a sincerely cool-looking car that checks a lot of boxes for some modern enthusiasts.
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