Peugeot plans electric versions of all cars by 2025

0
1261

French carmaker PSA, owner of the Peugeot, Citroen, Opel, Vauxhall and DS brands, will offer an electric version of all its models by 2025, CEO Carlos Tavares has said.

Speaking on the sidelines of the Detroit Motor Show Tavares said the PSA group would be “100 percent electrified” by 2025, meaning all cars would be available in hybrid or all electric, the Automotive News website reported.

Until now, Europe’s second-biggest carmaker had only committed to having electric options on 80 percent of its range by 2023.

Automotive News quoted Tavares as telling the paper’s World Congress that PSA would offer 40 hybrid or fully electric models within seven years.

Tavares also announced that PSA was planning a comeback in the United States after an absence of more than 20 years.

PSA last year took over General Motors’ loss-making Opel and Vauxhall operations, in a 2.2-billion-euro ($2.6-billion) deal aimed at narrowing the gap on German giant Volkswagen in Europe.

AFP

SHARE
Previous articleFMC Keffi records 3 suspected cases of Lassa fever
Next articleCattle Colony: You’re not the owner of Kogi, Community leader warns Bello
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.