Citroen says the EV concept uses cardboard and has a top speed of 68 mph

Citroen’s oli concept car pictured in Paris on September 29, 2022. The automaker says it has a top speed of 68 miles per hour.

Eric Piermont | AFP | beautiful pictures

French carmaker Citroen unveiled details of a new electric concept car on Thursday, with its CEO telling CNBC that electrification of personal transportation is a key part of a future. sustainable future.

In a document outlining the concept, called the olive, Citroen says it has a target weight of about 1,000 kilograms, or a ton, and a range of up to 248 miles.

Citroen says the top speed of the olives has been limited to 68 miles per hour. Trademarks, owned by Stellantissays “charge from 20% to 80%” will take 23 minutes.

The automaker added that vehicle parts can be “reused or recycled throughout the life of ownership.” According to the document detailing the olive, it has a “flat bonnet, roof and bed sheet” made from recycled honeycomb cardboard. “

The company was keen to emphasize the vehicle’s smaller scale. “Rather than being a 2,500kg ‘palace on wheels’ filled with screens and equipment, oli demonstrates that more can be achieved with less,” it said.

Citroen also says that limiting the speed of the olives to a maximum of 68 mph was done to “maximize efficiency.”

Read more about electric vehicles from CNBC Pro

Speaking to CNBC on Thursday, CEO Vincent Cobée emphasized the importance of electric mobility in the future, outlining a vision for how he sees the field evolving.

“Clearly, and I think we can all agree on that, the momentum towards electrification [of] Cobée, who spoke with CNBC’s Charlotte Reed, said.

“I’m not even talking about regulation, I’m mainly talking about societal expectations,” he added. “How we get there is a very important question.”

Cobée continues to stress the importance of expanding access to electric vehicles. “For one thing, over the last 10 years, we have seen an increase in the performance of electric vehicles,” he said. “I’m talking about autonomy, power, speed and, consequently, weight and price.”

“This is a concern for us because honestly, if the future of an electric car weighs 2.5 tons and costs 70,000 euros or more, it’s not for everyone. People.”

With European economies facing an energy crisis and soaring prices in the coming months, there have been concerns for several quarters that the rising cost of electric vehicle charging will reduce the continued availability of electric vehicles. received by consumers.

According to data released this week, electric car drivers in the UK have seen the cost of using a public “fast” charger on a pay-as-you-go tariff increase by 42 per cent since May.

And speaking to CNBC earlier this month, the head of equity strategy at Saxo Bank said the “cost advantage for electric vehicles over gasoline vehicles” is “decreasing rapidly” in Europe.

“I really wonder to what extent that will start to affect sales for electric vehicles,” said Peter Garnry.

Read more about energy from CNBC Pro

Citroen’s Cobée covered these topics in his interview with CNBC. “There is a current concern about energy prices – rightly so,” he said. “Now, I… want to make it clear that those concerns may be short- or medium-term.”

He added: “Clearly, we will be moving towards an energy transition, centered on electrification.

“More sustainable energy sources will be developed and we can expect that this will keep energy prices and resources within affordable limits,” he said.

“So the current short-term crisis has an impact on orders, as we see today for electric cars, but this is, I would say … possibly an exaggerated response. .”

“And basically we can expect that in a given time frame energy costs will be more under control. And in any case, I don’t think it’s going to change the transition to that. electrification.”

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