Fiat’s zero-emissions 500e model may be in the market to receive an ICE counterpart, following declining global interest in electric models.
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In Italy and South America, Fiat enjoys a healthy product lineup with several vehicles an powertrain options on offer. In certain global markets, the automaker’s offerings are limited by as little as two models. One of which being the all-electric 500e which was envisioned as a zero-emissions replacement for the fun and city-oriented hatch. Yet, recent reports from European news outlets suggest that Fiat is contemplating introducing an internal combustion option for the 500e.
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The automaker has allegedly reached out to suppliers for quotes to ramp up 500e production, mentioning both electric and ICE variants in the inquiry. Interestingly, the majority of production is said to be earmarked for an ICE iteration of the car. While Fiat has not officially commented on this development, Automotive News Europe has verified the existence of the inquiry.
Although currently speculative, there are compelling reasons to believe Fiat is exploring the idea of reintroducing a fossil-fuel-burning 500 to the limited lineup. The demand for electric vehicles is reportedly declining across the industry, with even Tesla scaling back production in China. Despite a successful launch in Europe, 500e production figures fell short of Fiat’s targets for 2023, indicating potential market shifts. Additionally, the postponement of Europe’s combustion engine ban until 2035 presents new opportunities for automakers to reconsider internal combustion options. This extended timeline could facilitate the development of low-cost ICE models while EV technology continues to evolve.
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The specifics of how Fiat might execute this shift remain unclear. The 500e was originally conceived as an electric vehicle, and Fiat’s existing combustion-powered 500 model in Europe does not comply with upcoming EU emission regulations, slated to cease production later this year. If Fiat proceeds with this plan, the new ICE 500 is likely to feature a mild hybrid engine and could potentially hit the market by late 2025.