A Stellantis sign at the entrance of the carmaker's factory in Hordain, France, July 7, 2021.
REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsMILAN, Sept 7 (Reuters) - Carmaker Stellantis (STLAM.MI) believes internal combustion engine (ICE) vehicles could be on the road until 2050, making it necessary to contain their carbon emissions until they're finally replaced by fully electric ones.
Stellantis has reaffirmed its commitment to all new car sales in Europe being battery-electric by 2030, although the European Union has excluded cars that run on e-fuels from its 2035 deadline to phase out new carbon dioxide-emitting cars.
Many sceptics however point out e-fuels are not a viable alternative in the short time, due to their low availability and high costs.
Stellantis and Aramco executives said e-fuel availability was expected to increase and their prices to go down, also thanks to favourable taxation in the European Union, "in the future", but without providing more specific predictions.
Persons:
Pascal, Stellantis, Christian Mueller, Amer Amer, Giulio Piovaccari, Keith Weir
Organizations:
REUTERS, they're, Fiat, Peugeot, Saudi, European Union, ICE, Propulsion Systems, Aramco, Thomson
Locations:
Hordain, France, Aramco, Europe, Saudi Arabia, Spain, Stellantis