6/14/2019

Opel Says EVs Will Enable It to Meet CO2 Targets

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PSA Group’s Opel unit says it will be able to meet European Union targets for carbon dioxide emissions, thanks to upcoming all-electric models.

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PSA Group’s Opel unit says it will be able to meet European Union targets for carbon dioxide emissions, thanks to upcoming all-electric models.

The first such car, the Corsa-e hatchback, will hit the European market a year from now. The car is a variant of PSA’s Peugeot e-208, which is due in early 2020.

CEO Michael Lohscheller tells reporters that Opel had no realistic plan to meet the EU’s CO2 targets two years ago when the company was still part of General Motors Co. At the time, he predicted Opel would soon face “dramatic” regulatory fines that could threaten the brand’s viability, Automotive News says.

Under PSA ownership, Opel expects to offer hybrid or all-electric powertrains for all models by 2024. Like other carmakers, the company needs the zero-emission contribution of EVs to meet EU emission limits. Those standards will require carmakers to cut CO2 emissions to an average 95 g/km by 2021 from 120 g/km last year.