Stellantis, the result of the merger of Peugeot-Citroën and Fiat-Chrysler, is preparing to adapt its electric vehicle development strategy based on the results of the European and American elections. This was announced by the group’s CEO Carlos Tavares at a press conference two scenarios are considered depending on the political orientation that will emerge.

“We must keep our eyes on the results of the American and European elections. We have to be sure that people want to move in this direction.”, emphasized Carlos Tavares. According to him, two scenarios are possible: the acceleration of the development of electric cars in the event of a victory of the progressives or, on the contrary, a slowdown if “populists” win.

Stellanthis will not return

currently Stellantis plans to sell 100% of battery-powered cars in Europe by 2030 and 50% in the United States, where electrification is just starting to gain momentum. However, the manufacturer does not intend to completely return to the gasoline engine, stressing that the automotive industry must contribute to solving the problem of global warming.

“We will adapt as we go, without fear. We are facing crisis after crisis in this industry, we don’t know what fear is anymore”Carlos Tavares said.

Caution is advised

In response to the price war launched by Tesla and then Ford in the electric vehicle sector, the executive warned that it “race to the bottom” will end in “bloodbath” if prices continue to fall. Stellantis follows a more conservative approach to pricing, emphasizing the importance of maintaining profitability when investing in new technologies.

Carlos Tavares also spoke in favor continuation of state subsidies for the purchase of electric cars, despite Germany’s recent decision to withdraw this aid. He warned against protectionist measures that could lead to “retribution” China, risking causing a “trade war”.

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