LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

This German automaker just became the latest to back off its plans to go all in on EVs

Robert Frost by Robert Frost
August 25, 2025
in Industries
This German automaker just became the latest to back off its plans to go all in on EVs
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Another German automaker is scaling back EV plans will continue offering hybrid and ICE vehicles. The company claims that it’s still the first German brand to offer a fully electrified lineup.

German automaker Opel drops EV commitment plans

Opel is one of the many brands under the Stellantis Group, alongside Jeep, Ram, Peugeot, Citroën, Fiat, and several others.

You might also like

Electric haul trucks could save Fortescue over $400 million in fuel per year

World’s First all-electric deconstruction site runs on Volvo CE

From $0 a month: 5 of the best EV lease deals in September

Although it was one of the many automakers to commit to offering an all-electric lineup, it’s now backing off its promise.

During Stellantis’ EV Day in 2021, Opel announced its intention to transition to all-electric vehicles by 2028, accompanied by a slate of new models. Former CEO Michael Lohscheller, now chief executive at Polestar, said, “As of 2028, Opel will only offer electric cars in our core market Europe.”

Advertisement – scroll for more content

On Monday, the German auto giant abandoned its plans for an all-EV lineup, saying it will continue to focus on its current “multi-energy” strategy.

Opel is the first German auto brand to offer a fully electrified model for every vehicle in its lineup, including electric (EVs), plug-in (PHEVs), and even internal combustion engine (ICE) vehicles.

German-automaker-EV-plans
Opel Corsa Electric (Source: Stellantis)

In response to media reports claiming it has changed its strategy, the company said in a statement, “This does not have to be limited to 2028 if the demand side requires otherwise.”

Although the company will continue to focus on EVs in specific regions, like the UK, France, and Germany, it will also offer other powertrain options based on demand.

German-automaker-EV-plans
Opel Corsa Electric (Source: Stellantis)

Opel, alongside British sister company Vauxhall, is one of the top-selling brands in Europe. In Germany and the UK, Opel and Vauxhall ranked first in the ever-expanding B-hatch segment through the first half of the year.

The German auto giant becomes the latest brand to scale back EV plans or shift to hybrids, following Volvo, Volkswagen, Mercedes-Benz, Audi, BMW, and others.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Stocks making the biggest moves midday: Vital Energy, SolarEdge Technologies, RH & more

Next Post

Goldman says this specialized medical implant stock has more than 50% upside

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Electric haul trucks could save Fortescue over 0 million in fuel per year
Industries

Electric haul trucks could save Fortescue over $400 million in fuel per year

September 13, 2025
World’s First all-electric deconstruction site runs on Volvo CE
Industries

World’s First all-electric deconstruction site runs on Volvo CE

September 13, 2025
From alt=
Industries

From $0 a month: 5 of the best EV lease deals in September

September 12, 2025
Hyundai wants to bring back the hot hatch, and its new EV concept nails it
Industries

Hyundai wants to bring back the hot hatch, and its new EV concept nails it

September 12, 2025
Next Post
Goldman says this specialized medical implant stock has more than 50% upside

Goldman says this specialized medical implant stock has more than 50% upside

Related News

Wallabies fall to record-breaking defeat on dream night for Wales

Wallabies fall to record-breaking defeat on dream night for Wales

September 24, 2023
Japanese authorities trace Monero, arrest 18 in 0K laundering case

Japanese authorities trace Monero, arrest 18 in $670K laundering case

October 21, 2024
Volkswagen Group hits 1 million mark in MEB-based EV production milestone

Volkswagen Group hits 1 million mark in MEB-based EV production milestone

June 16, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?