Stellantis CEO Says Pace of EV Push Hinges on Election Outcomes

Stellantis NV Chief Executive Officer Carlos Tavares said elections in the US and Europe this year will dictate how quickly he can execute his €30 billion investment plan in electric vehicles.

Tavares said spending will either accelerate or slow down pending who gets elected. “I have no scenario for the fact that it would stop, because we need to fix the global warming issue,” he said Friday at a roundtable with reporters.