I see it more as an evolution.
The Charger is not going away, it will remain in 2024 as an electric version on the new platform. It's also going to be faster than the current Tesla Model S Plaid, or so Dodge claims.
We'll even see a purpose built concept car in the next Fast and Fabulous movie.
However the Challenger V8 isn't going away anytime soon. Dodge still plans to keep an ICE Challenger around even when their electric muscle vehicles debut.
What I didn't expect is for them to drop the Hellcat name. I thought they would keep it for the electric vehicles. It's just a name though.