This all-electric Ford Mustang uses a 536 hp powertrain

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Is also has a hefty price tag

Charge Automotive, a London-based company, is offering this blacked-out, 1967-style Mustang fastback.

There's a catch. Instead of the rumbling V8, this version uses a 536 hp electric powertrain. The prototype of the Charge electric Mustang will make its debut at Goodwood Festival of Speed.

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"We redefine great classic cars with advanced electric technology while preserving their iconic design," the automaker says on its website. "We believe in an emission-free future while giving ultimate performance to epic auto legends."

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The electric Mustang starts in life as the shell of a normal Mustang. The British company adds a two-level grille, some modern lightning and paints everything black.

Then adds the electric powertrain. An electric motor is fitted for each wheel and a 64-kWh battery pack is good enough for a 200 miles range (322 km).

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Inside, the classic Mustang look is upgraded into the modern era with glossy carbon trim and a fully digital interface.

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All this has a price tag of £300.000 (approx. US$382,250). Charge Automotive will build only 499 units and you can reserve yours on the Charge website.

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