Fiat has made a surprising move by introducing a gas-powered version of the new Fiat 500, which was initially intended to be electric-only. The decision to add a combustion engine to the iconic model comes after the electric version failed to gain traction in the market. The new Fiat 500 “Hybrid” is set to go into full-scale production in November, with the manufacturer aiming for at least 100,000 annual sales.
The Fiat 500 has long been a familiar sight on European roads, with its compact and stylish design capturing the hearts of many drivers. However, the electric version of the Fiat 500, launched five years ago, struggled to attract buyers due to its high price tag. Priced at around $37,610 (€33.900), the electric model was significantly more expensive than its combustion counterpart, which had been in production since 2008.
In a bid to revive the popularity of the Fiat 500, Fiat has now introduced the “Hybrid” model, which marks a return to a combustion engine. The first pre-production examples of the Fiat 500 Hybrid have already been assembled, with full-scale production scheduled to start in November. The manufacturer is optimistic about achieving over 100,000 annual sales with the new model.
Despite the switch to a combustion engine, Fiat has retained the iconic design of the Fiat 500. The interior of the new model remains largely unchanged, with the addition of a six-speed stick shift for the manual transmission. The exterior features subtle differences, such as a redesigned grille to accommodate the engine.
While specific details about the powertrain have not been disclosed, it is speculated that the Fiat 500 Hybrid will be a mild hybrid rather than a full hybrid. The new model may inherit the non-turbo 1-liter three-cylinder engine from its predecessor, which produced 70 horsepower. However, the increased size and weight of the new Fiat 500 may necessitate a more powerful engine.
Fiat is unlikely to reintroduce a combustion-powered Abarth model, with the performance-focused variant now exclusively offered as an EV. The decision to introduce a combustion engine to the Fiat 500 reflects a broader trend in the automotive industry, where manufacturers are reevaluating their electrification goals in light of changing market demands.
Overall, Fiat’s decision to introduce a gas-powered version of the Fiat 500 represents a strategic shift aimed at revitalizing the iconic model and appealing to a wider range of customers. The move underscores the flexibility and adaptability of automakers in responding to evolving market trends and consumer preferences.