Electric cars will soon cost the same to run and buy as vehicles with petrol or diesel engines even without government subsidies, the owner of Vauxhall has claimed. The prediction from Stellantis, which also owns Peugeot, Citroen and Fiat, came as it outlined a €30bn (£26bn) plan for electrify its vehicle range. The plan includes developing cars able to drive 500 miles on a single charge and building five “gigafactories” in Europe and the US by 2030. It also wants to speed up charging times to hasten drivers’ switch to electric cars, predicting charging rates of 20 miles of range per minute. Better battery technology is set to make this goal a reality. Stellantis plans to offer two battery chemistries by 2024 – a high energy-density option and a nickel cobalt-free alternative.
Telegraph 8th July 2021 read more »
The cost of moving the automotive industry from petrol or diesel engines to low or zero emission alternatives was highlighted when one of Europe’s biggest carmakers revealed the amount it expects to spend embracing electric vehicle technologies. Stellantis, the parent company of Vauxhall and its sister brands Peugeot, Citroën, Opel, Fiat and Chrysler, said it would be spending €30 million eradicating the internal combustion engine.
Times 9th July 2021 read more »