Stellantis ramps up EV plans with £21bn investment

Car giant outlines major plan to ramp up EV sales; Vauxhall-Opel set to become electric-only in Europe by 2028

Car giant Stellantis will invest more than 30 billion (£21.8 billion) in new electrification and software technology by the end of 2025, with a commitment to offering full electric models from all of its 14 brands and investing in five battery factories. Opel will become an all-electric brand in Europe by 2028.

The firm, whose brands include Alfa Romeo, Citroen, Fiat, Jeep, Peugeot and Vauxhall-Opel, has targeted low emission vehicles (LEV) accounting for more than 70 per cent of European sales and 40% of its US mix by 2030.

The plans were outlined during a Stellentis EV Day event, with the firm making a series of new commitments to electrification, as well as reaffirming existing pledges.

Opel will become an electric-only brand in Europe by the end of 2028, while also expanding into the Chinese market with a range of EVs. The firm has also confirmed that it will revive the Manta nameplate for a fully electric vehicle.

Peugeot has also committed to accelerating its EV sales.

As previously announced, Fiat will become electric-only by 2030, with the exact date determined by customer demand, and will also launch a new dedicated BEV nameplate in 2024. Performance off-shoot Abarth will also go electric-only.

American brand Dodge will launch a BEV muscle car by 2024, while US truck firm Ram will launch a new electric pick-up. Jeep says it will offer an electric model on all of its nameplates.

Electric models will be based around four ‘BEV-by-design’ platforms and powered by a family of three electric drive modules, and will use standardised battery packs. EVs will offer ranges varying from 300 to 500 miles.

Stellantis has also committed to securing more than 260GWh of EV battery production by 2030, through five dedicated battery factories in Europe and North America.

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