To add to the growing "me too" list of auto manufacturers claiming that they will be transitioning to an entirely (or almost entirely) electrified model lineup over the coming years, the CEO of Peugeot SA, Carlos Tavares, has now revealed that all new PSA Group vehicles will be electrified by 2025. That means it will offer full electric cars, plug-in hybrids, mild hybrids, or any combination of these type of vehicles.
The company plans to start meeting with auto dealers in the USA this year as it considers how it will distribute its vehicles, Tavares said."If you want to be a global player, you have to be there", he told the group.
Peugeot exited the USA market more than 20 years ago.
Both Citroen and Peugeot have released an all-electric vehicle before - a rebadged version of the Mitsubishi i-Miev called the C-Zero and iOn respectively. Tavares, the former - executive who took over the company in 2014, has outlined plans to slowly re-enter the USA market, starting with ride services.
French automaker PSA Group is planning to electrify its global-product lineup by 2025 and manufacture vehicles with limited self-driving capabilities by 2030.
Last year, Tavares acquired GM's European Opel operation after GM made a decision to divest the money-losing operation.
Tavares also confirmed the company is working on developing models for the United States market. In the second step, Peugeot SA plans to use its own cars - Peugeot, Citroen and DS - to operate the ride service.
"Mobility...is at the heart of our strategic plan", Tavares said.
All up, this will see the company launch 40 electrified vehicles across its five brands.
Peugeot has "people working on cars now" for the US market, Tavares said.
Closer to home, the company is close announcing a new manufacturing location in south-east Asia.
Tavares also sidestepped a question from Crain Communications group publisher KC Crain about whether he would be interested in acquiring brands from Fiat Chrysler Automobiles NV.