Tests confirm 24 Stellantis (STLA) engine types can run on e-fuels

On Tuesday, Stellantis (NYSE: STLA), the parent company of Chrysler, revealed that they have conducted tests demonstrating that 24 different internal combustion engines installed in European vehicles manufactured by the company since 2014 are capable of utilizing advanced e-fuels without any modifications.

According to a Stellantis spokesperson, four of the 28 engine types tested are still awaiting validation.

This revelation arrives only a few weeks after the European Union introduced a legal provision allowing vehicles powered by e-fuels to continue being available for sale even after the 2035 deadline set for the gradual elimination of carbon dioxide-emitting cars.

The world's third-largest automobile manufacturer in terms of sales has projected that the adoption of low-carbon e-fuels in approximately 28 million vehicles could lead to a reduction of up to 400 million metric tons of CO2 emissions across Europe between 2025 and 2050.

According to Stellantis, low-carbon e-fuels have the potential to decrease CO2 emissions from existing internal combustion vehicles by at least 70% when considering their entire life cycle compared to traditional fuels. The company has set ambitious targets to cut its carbon footprint by half from 2021 levels by the year 2030 and hopes to achieve carbon neutrality by 2038.

Shares of STLA are up 0.49% in mid-day trading on Tuesday.

By Michael Elkins | [email protected]

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