Stellantis CEO States Pathway To Electrification Is “Chosen By Politicians”!
Move To EVs "Carries Environmental" & "Social Risks"...
Over the past year, it seems that all of the major automakers (with the exception of Toyota) have announced plans to move towards a future of all-electric vehicles (EVs). Among them, Stellantis announced during its EV Day Presentation in July, that it would invest about $34 billion (€30 billion) through 2025 for all of its 14 brand portfolios to offer electrified vehicle options.
The move has been praised by some and even allowed Stellantis’ stock to surge over 60% in the first year after the merger. But it also has some people questioning the cost, infrastructure, and just how much climate impact will the change have, compared to the fast timeline automakers are moving.
As the European Commission’s decision to phase out internal combustion engine (ICE) powered vehicles in favor of EVs has moved forward, Stellantis CEO Carlos Tavares has stated that the decision “carries environmental and social risks”.
Stellantis CEO States Pathway To Electrification Is "Chosen By Politicians"!
Over the past year, it seems that all of the major automakers (with the exception of Toyota) have announced plans to move towards a future of all-electric vehicles (EVs). Among them, Stellantis announced during its EV Day Presentation in July, that it would invest about $34 billion (€30 billion)...
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