German carmaker Opel will give up production of internal combustion engines in Europe by 2028, one of the most ambitious environmental goals in the accelerated transition to electric vehicles, AFP reports.
Automakers around the world are rushing to make the transition from internal combustion engine models to fully electric models in the context of pressure from some regions such as Europe and China to reduce polluting vehicle emissions.
But among traditional brands, only Jaguar has announced more ambitious targets than Opel, its goal is to produce exclusively electric cars by 2025, according to Agerpres.
Audi, a Volkswagen subsidiary, plans to phase out internal combustion engines by 2033 and the Swedish group Volvo – by 2030.
Opel is owned by Stellantis, the world’s fourth-largest automaker, following a merger between French group PSA and Italian-American Fiat-Chrysler. In recent years, Opel has narrowed its range of models to focus on electric vehicles.
Opel CEO Michael Lohscheller has announced that electric vehicles will be launched on the Chinese market. To improve its image, Opel will also launch an electric version of the Manta sports model “by the middle of the decade,” Lohscheller said. The decision is part of Stellantis’ offensive to overtake Tesla and Volkswagen in the electric vehicle segment.
On Thursday, Stellantis CEO Carlos Tavares announced that the company will invest more than 30 billion euros by 2025 to electrify its entire range of vehicles. This strategy will be supported by five battery factories for electric vehicles located in Europe and North America.
Last week, Renault announced that 90% of its main brand’s models will be fully electric by 2030, given that hybrid models were previously included in this target. German car group Volkswagen also expects all-electric vehicles to account for 55% of its total sales in Europe by 2030.