First of all, 302 Cubic Inches is actually 4.94 liters, but don’t tell Ford who like to round up to 5 liters for their engines. The first 302 cubic inch (5.0 liter) V8 Mustang engine was introduced in 1968 as an F-code option (210hp V8 engine) and the J-code options (230hp Shelby Cobra V8 engine). The engine was known at the 302 Windsor V8. The 302 returned to the Mustang in 1982 as the “5.0 High Output” and ran through 1995 before being eventually replaced by the 4.6 liter modular Ford V8. In 2011 the new 5 liter displacement V8 came back to the Mustang lineup.