http://europe.autonews.com/article/20150503/ANE/150429813/psas-new-evs-will-be-cheaper-with-longer-range-tavares-says
PSA's new EVs will be cheaper with longer range, Tavares says
Automaker also close to completing its first plug-in hybrid
Bruce Gain  May 3, 2015

[image  
http://europe.autonews.com/apps/pbcsi.dll/storyimage/CA/20150503/ANE/150429813/AR/0/AR-150429813.jpg&MaxW=622&cci_ts=20150503052837
PSA's electric cars such as the Citroen C-Zero
]

RENNES, France -- PSA/Peugeot-Citroen's new electric cars will be cheaper
and have a longer range than the automaker's current EVs, CEO Carlos Tavares
said. The company also is close to completing development of its first
plug-in hybrid, he said.

PSA's second-generation EVs will launch in 2020, Tavares told the company's
annual shareholders meeting on April 29. "They will have a better
performance, greater range and a lower price to the customers," he said.

Sales of EVs and plug ins are growing in Europe as automakers expand their
offerings of such cars to help lower CO2 emissions and meet demand for
environmentally friendly cars. But PSA’s electric cars, the Peugeot iOn, and
the Citroen C-Zero, have not taken off. Sales of both models were 1,300
units last year, according to PSA. Both cars are based on the Mitsubishi
i-MiEV.

PSA will build new EVs on its EMP1 platform, which will underpin the
automaker’s next generation of B (subcompact) and entry-level C (compact)
cars. “PSA will make pure electric cars from the bottom of the market
upwards based on the new platform by the end of the decade,” a PSA spokesman
told Automotive News Europe.

Tavares told shareholders that PSA has created a group to develop its
new-generation EVs.

Plug-in hybrid
PSA will also launch a gasoline plug-in hybrid model in 2019 based on the
company’s larger EMP2 platform, Tavares said ... "We have completed the
architectural aspects and are currently deciding on the battery technology,"
Tavares told shareholders ...

PSA has become more bullish about EVs since Tavares joined the automaker
from Renault “bringing EV expertise with him,” said Ian Fletcher, an analyst
with IHS Automotive. “As a global automaker I don’t think you cannot be
involved in the EV segment,” Fletcher said. “As emissions standards become
even stiffer in the future and consumer acceptance grows, you could be left
behind the curve.”
[© europe.autonews.com]




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