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How to test alternator is good or bad 2020 Ford Mustang 5.0 (2015-2023). The battery terminal voltage is read which should be roughly 12.50 volts when the engine is not running. When the engine is running the voltage should be at least 14 Volts but ideally 14.50 volts,. Any voltage over 15 volts DC is overcharging and there is a bad voltage regulator.