Key Points
Stellantis Chief Executive Carlos Tavares in February made an intriguing announcement: The Chrysler-parent company would remain all-in on electric vehicles, even as competitors scale back and sales growth slows..
The 65-year-olds view on battery-powered vehicles is a drastic change from just a year ago, when he sounded the alarm on the high cost of EVs..
Tavares says the company is staying the course with an ambitious goal it staked out two years ago: to make 50% of Stellantiss U.S. sales volume all-electric by 2030, buoyed by its popular Jeep SUV and Ram pickup brands..
Tavares, meanwhile, told analysts in the February call that Stellantiss EVs in Europe are profitable, including a new hatchback offered by the companys Citron brand, the e-C3, which is being sold in Europe at 23,300 euros, equivalent to about $25,000...
For years, Tavares said consumers wouldnt make a switch to electric models without substantial government subsidies and lower costs, and he routinely chastised regulators for requiring companies to sell more battery-powered cars. ..
