Hyperdrive
Stellantis CEO Vows to Speed Up Carmaker’s Electric Shift
- Tavares seeks to triple sales of electrified vehicles in 2021
- Company may also make a decision on battery plants this year
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Stellantis NV Chief Executive Officer Carlos Tavares pledged to speed up the company’s electric shift, vowing that cars with a battery will account for more than a third of its European sales by mid-decade.
The maker of Fiat, Peugeot and Jeep expects to triple sales of plug-in hybrid and fully electric vehicles to more than 400,000 this year, Tavares said Thursday. He was speaking at the company’s first annual shareholder meeting since the merger of Fiat Chrysler Automobiles NV and PSA Group in January.