PSA group will be 100% electrified by 2025, Carlos Tavares, CEO of France-based automaker said in his speech at a conference in Detroit. He further said that by 2030 the company’s 80% vehicles will have the ability to pilot themselves under limited conditions and 10% will be fully autonomous.
The statement by Tavares is not surprising as the automakers around the world consider the electric vehicles inevitable, many have already launched their electric vehicles and some are working to launch electric vehicles in near future. According to some reports, the global automakers have announced $90 billion in investments to electrify future vehicles.
The initiatives by the companies are driven by the raising awareness of the environmental effects of the IC engine vehicles and policy changes introduced by the governments of various countries to decarbonize car fleets in their respective countries.
The Groupe, last year had entered into a partnership with Nidec Leroy-Somer to set up a joint venture dedicated to the design, development, manufacture, and sale of electric traction motors. The JV will be developing high-performance and competitive electric traction motor range for electrified vehicles such as Mild-hybrid (“MHEV”), Electric Vehicles (“EV”) and Plug-in Hybrid (“PHEV”) to be developed by Groupe PSA and other OEMs.
Peugeot is also working in the field of shared mobility and through its Free2Move brand, it offers ride services in the United States using other companies’ cars. Free2Move Lease, the 4th largest leaser in France with 200,000 cars, offers multi-make, full-service leasing to business customers of all types.
The French automaker PSA Group and the Chinese telecom company Huawei Technologies have entered into a partnership to develop a secure connected vehicle system. The first services– will include remote vehicle diagnostics, over-the-air software updates, and car-sharing capabilities–will be rolled out next year in Europe and China.