The market indicates that the 496-horsepower Dodge Charger EV is less valuable than an EcoBoost Mustang.
Dodge
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I typically believe that an item is valued at whatever someone is prepared to pay for it. In the case of the new Dodge Charger Daytona EV, the market has made its choice, and it’s not particularly favorable.
Even though it has only been on the market for a few months, the Charger EV has already undergone several price reductions. Last month, Dodge began offering discounts of up to $12,500 on 2024 models, while $6,500 was cut from 2025 versions on Wednesday, not accounting for any further adjustments dealers may make to align with demand—or the lack of it.
(In a related note, Stellantis has also reacted to tariffs by providing employee pricing, although this cannot be combined with the cash incentives mentioned earlier.)
To sum it up, electric Chargers are being advertised for significantly less than the official starting price of $61,590 for the base R/T model. The Autopian recently found one listed for $30,185, indicating a total discount of 32 grand, and currently, the lowest-priced Daytona available in the nation on Autotrader is a 2025 R/T listed at $36,932 by a dealership in Ohio—almost the same as that Nissan Z we noticed recently marked down to $37,000.
For a brand-new performance vehicle, which usually experiences dealer markups during its first year or two of sales, this situation is rather surprising (no EV puns intended). In fact, I thought it would be intriguing to compile a list of cars that are priced higher than the current market value of the Charger Daytona R/T. In no specific order:
2024 Ford Mustang EcoBoost Premium: MSRP $39,735
2024 Ford Mustang Mach-E Select (after incentives!): $37,185
2025 Toyota GR Corolla: MSRP $39,995
2025 Mazda MX-5 Miata RF: MSRP $39,330
2025 Chevrolet Equinox EV LT2 (after cash and Costco incentives!!!): $40,295
2025 Nissan Ariya: MSRP $41,160
2025 Toyota Sienna: MSRP $40,635
Indeed, the new Dodge Charger has fallen below the official prices of both the four-cylinder Mustang and a base Toyota minivan, and it is also less expensive than the hardtop Miata and a GR Corolla—two performance vehicles that produce less overall horsepower than the Daytona, even if combined into a single unit.
Paradoxically, this leaves the Charger as it was previously: an incredibly affordable option for a substantial amount of horsepower. It seems the new Daytona truly embodies the spirit of a muscle car after all.
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The market indicates that the 496-horsepower Dodge Charger EV is less valuable than an EcoBoost Mustang.
It is also priced lower than both the Mazda Miata RF and the Toyota GR Corolla, even though it generates more power than the two of them combined.