In a recent discussion with the media, Stellantis CEO Carlos Tavares laid out the ambitious electric vehicle (EV) strategy for the company in North America this year. Emphasizing the need for agility and preparedness, Tavares acknowledged the potential impact of the upcoming U.S. Presidential election and European parliamentary elections on the course of EV adoption.
Tavares expressed confidence in Stellantis’s commitment to its EV plans but highlighted the importance of being adaptable to changes in the political landscape. He revealed that he has formulated two scenarios based on the election results—one anticipating an acceleration of EV adoption and the other preparing for a potential slowdown.
“I have prepared two scenarios based on what would be the results of those major elections in the U.S. and Europe, and I am prepared for both,” Tavares stated. “One is an acceleration scenario for battery electric vehicles (BEVs), and one is a slowdown for BEVs. I am not in a position to be afraid. In this industry, we have faced crisis after crisis, so we don’t have room to be afraid anymore.”
Stellantis is actively executing its EV strategy, investing over €30 billion ($33 billion) through 2025 in electrification and software, including fast charge capability. Tavares clarified that the company is maintaining its current suite of EV products, timing, and production capacity while monitoring the election outcomes.
Addressing the potential impact of a Republican President on EV initiatives, Tavares suggested that a shift in priorities might occur, possibly resulting in a slowdown in the push for EV adoption. Despite this uncertainty, he affirmed that Stellantis remains committed to its EV roadmap.
“I am maintaining the suite of products, timing, and capacity for EVs for the time being,” Tavares explained. “Then we will see what comes off the election. There is no such thing as slowing down on the EV roadmap for Stellantis” at least for now.