Opel is saying goodbye to the combustion engine: From 2028, the Rüsselsheim-based automaker wants to offer only e-cars. A legendary sports car from the 1970s is also making an e-comeback.
Opel is ushering in a farewell to the combustion engine: The group wants to be fully electric in Europe in just seven years. This was announced by Opel CEO Michael Lohscheller on Thursday at a presentation of the parent company Stellantis at the “Electric Car Day” in Milan. He said the traditional brand from Rüsselsheim will also enter China, the world’s most important car market, with an all-electric car offering.
The announcement comes about a week before the European Union is set to announce its climate targets. Car manufacturers face even stricter targets for emissions, especially CO2.
30 billion euros for electromobility
Opel parent company Stellantis planning to invest more than 30 billion euros in electric cars and hybrid models by 2025, according to group CEO Carlos Tavares. By then, almost all models of the group with its 14 car brands should be electrified. Low-emission vehicles from the Stellantis brands should have a share of more than 70 percent in Europe by the end of the decade – up from 14 percent currently, Tavares announced Thursday.
In the U.S., the target is more than 40 percent. For its electrification, Europe’s second-largest carmaker plans to build five battery factories. “The transformation phase is a wonderful opportunity to reset the clock and start a new race,” Tavares said. Stellantis had emerged from the merger of PSA and Fiat Chrysler in January 2021.
Price to be at combustion engine level by 2026
The e-cars are expected to have a range of up to 800 kilometers, Tavares said. According to the company, car users should not have to pay more for an e-car than for a conventional car with an internal combustion engine from 2026. This calculation excludes possible government support, he said.
Other automakers are giving themselves much more time to say goodbye to the combustion engine or are remaining more vague. VW wants to phase out by 2035 in Europe, and later in the U.S. and China. Audi only wants to stop developing internal combustion engines by 2026, but still sell them. Ford plans to offer only e-cars in Europe from 2030.