HomeNewsBusinessWhy is it so difficult to make a low-cost EV?

Why is it so difficult to make a low-cost EV?

Can Citroen’s upcoming compact EV the C3 be the low-cost, mass-market electric vehicle we all have been waiting for?

May 19, 2022 / 13:57 IST
Story continues below Advertisement
The Citroen C3.
The Citroen C3.

Multinational automotive company Stellantis has joined the electric vehicle race in India and plans to launch its first EV through Citroen.

While Citroen has had a rough start in India, with only one premium sports utility vehicle (SUV)—the C5 Aircross—the PSA Group intends to capture a bigger share of the market with its upcoming compact crossover hatch the C3, expected to be launched next month.

Story continues below Advertisement

Stellantis, which was formed in 2021 through the merger of France's PSA with Fiat Chrysler, sells Jeep and Citroen brands in India.

Citroen is targeting the all-important low-cost EV space, which still remains a no-go. Stellantis CEO Carlos Tavares has confirmed that the EV would be based on the same platform as the sub-4 metre C3 and would be engineered in India under its “C-cubed programme” put in place to produce EVs built on the common modular platform (CMP).