Tuesday, May 21, 2024
NewsStellantis to spend over $35 billion by 2025, mostly towards EVs

Stellantis to spend over $35 billion by 2025, mostly towards EVs

Stellantis will introduce multiple electrified and fully electric vehicles in the current decade

  • The company says 40% of its sales in the United States will be electric by 2030

  • Four new EV platforms will be introduced in the next years

  • Stellantis plans to offer electric vehicles in most segments by 2025 and all segments by 2030

When Stellantis was formed by the merger of Fiat-Chrysler Automobiles and Europe’s PSA group, the goal was to create a strong electric vehicle offering in all major markets around the world.

The automaker has now confirmed its intentions to introduce multiple electric vehicles in the coming years by announcing investments of over $35 billion by 2025, most of which will be related to electrification.

The company, whose vehicles are sold in North America under the Chrysler, Dodge, Jeep, Ram, Fiat and Alfa Romeo brands, has even announced its goal to make 40% of its sales in the United States be electric vehicles by 2030.

Stellantis will introduce four new electric platforms to underpin a variety of vehicles which should offer driving ranges between 300 and 500 miles.

The CEO of the company, Carlos Tavares, confirmed that Jeep will be the first brand of the group to sell fully electric vehicles in North America.

This electrification of Jeep has already begun with the Wrangler 4xe and the new Grand Cherokee will offer the same powertrain. The first fully electric crossover from the brand should reach the market in 2023.

Other planned electrified vehicles from Stellantis that should be launched before 2030 are a high-performance PHEV and an electric muscle car from Dodge, as well as an EV crossover sold under the Chrysler brand.

Alfa Romeo and Fiat should also introduce EVs and hybrids in the same timeframe, but it isn’t clear which of these models would be sold in North America as of now.

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