Carlos Tavares, CEO of Stellantis, spoke at a Goldman Sachs press conference on the topic of electric vehicles. Leading a group that includes major brands such as FiatTavares discussed his expectations for the future of the sector. Highlighting the group’s efforts, Tavares said: “We’re constantly trying to bridge the gap between BEV and ICE, and I’d say we’re getting results.”
Stellantis plans to launch 75 new electric vehicles by 2030
Tavares highlighted Stellantis’ success in the electric vehicle market in both the United States and Europe and stressed the importance of careful cost management to ensure good profits from electric vehicles. Despite Tavares’ remarks, 2023 was a real disaster for Fiat in the US market.
To attract more customers, Tavares emphasized the need to produce affordable electric cars. He cited the Italian situation, where there are only 13 electric car models under €35,000, with this number expected to increase soon. Among the expected models is the new Citroen e-C3, an electric car priced under 25,000 euros. Tavares said this vehicle will not only be affordable but also profitable for the company. In 2024, more affordable electric models will hit the market, such as the new electric Fiat Panda.
In the context of European competition, Tavares stated that Stellantis is “frontal battle with Tesla.” Natalie Knight, the group’s chief financial officer, added that Stellantis had overtaken Tesla in Europe, selling more electric cars than all but Volkswagen. Stellantis aims to launch 75 new electric vehicles by 2030, including 25 in the United States. Additionally, its partnership with Leapmotor aims to bring low-cost electric cars to the European market.
Tavares finally warned, “If the growth of EVs is not erratic and continues linearly, those who are not making money from EVs are going to be in trouble very, very soon.”