For starters, Fiat says all future Abarth products will be electric from 2024 and onwards. There are currently no Fiat Abarth products sold in the U.S., but the news could still be relevant to us as it concerns future Abarths — this news is essentially confirmation that a new electric Abarth is coming mid-decade. Consider the 500 Abarth and 124 Abarth to be the last two gasoline-powered Abarth-branded vehicles to be sold in the U.S. Seeing the closeness of the cutoff, they’ll also likely be the last Abarth models sold globally, too.
The EV promise extends further than just Abarth models, though. Fiat previously said it would become an EV-only brand by 2030, but the transition was laid out with greater specificity today. By 2024, every model line in Fiat’s lineup will have a full-BEV option. Fiat doesn’t have a massive lineup, but at the least, that means the company will need to electrify models beyond the new 500 that is already electric.
The commitment to go all-EV by 2030 still stands, though Fiat now says it could get there any time between 2025-2030. Fiat says the switchover will be made whenever it can sell EVs for the same price as their combustion engine equivalents, as it wants to keep costs in a place where your typical Fiat owner can still buy its vehicles.