There is a need to develop smart alternatives for 1.3 billion cars already on the road, says CEO.
Amsterdam-headquartered automaker, Stellantis, is betting on synthetic fuels, also known as e-fuels, to keep combustion engines alive, even as the world looks to electrify transportation in the near future.
to sell only battery electric vehicles by the end of the decade, Stellantis isn't giving up on the combustion engine vehicles just yet.E-fuels, short for electro fuel, are envisioned as a replacement for conventional fossil fuels. E-fuels are synthetic in origin and are manufactured by combining captured carbon from industrial processes and hydrogen made using renewable energy sources.
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