Opel Adam EV Plans Canceled Due to Cost

OpelOpelGermany, 1863 > present85 models
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8 videos
and VauxhallVauxhallUnited Kingdom, 1857 > present31 models
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have announced that plans to build an electric version of the AdamOpel ADAM Gen.1Germany, 2012 > present25 versions
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by using components from the upcoming SparkChevrolet SparkUnited States of America, 2009 > present28 versions
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EV have been canceled due to financial reasons. 

"It was a business decision. We could not charge the customer the price needed to make it work on the cost side," said Opel engineer Dieter Metz.

Opel says that right now customers are not willing to pay the premium for an electric vehicle over an internal combustion vehicle, especially in the Adam's class. 

The Adam goes on sale in January in Europe for a starting price around €11,500. At launch it will be available with either a 1.2-liter or 1.4-liter engine, and a turbocharged 1.0-liter will come later in 2013. 

General MotorsGMUnited States of America, 1998 > present8 models
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is still working on the electric Spark EV that will be its first vehicle with tier-three charging that allows it to charge completely in about 30 minutes. It will be the company's first fully electric car on sale to the mass public and join the range-extended Chevrolet VoltChevrolet VoltUnited States of America, 2011 > present3 photos
. 

Source: Automotive News Europe