Stellantis has plans to invest around USD 35.5 billion in electrification by 2025. The company made the announcement during an electrification strategy event. With this, the company has joined the likes of General Motors and Volkswagen. These companies are aggressively working on electrification. Most carmakers are shifting towards electric vehicles amid a call for green technology. This is a big announcement for the auto industry as Stellantis is the fourth-largest automaker in the world. The company also said that it will soon start offering electric cars in the United States. The electric Dodge by Stellantis will be launched in 2024. Also, Jeep has plans to offer an all-electric SUV in every vehicle segment by 2025.
Ram full-size electric pickup would be launched by the company by 2024. However, this will be a delayed entry by the carmaker in the country. Its competitors in America, Ford, and General Motors have already been providing such electric vehicles for the past two years. Stellantis CEO Carlos Tavares said that the company is fully focused on its plan for electrification. “This is in full execution mode.” He said that the company is targeting 40 percent of sales of low emission vehicles in the United States and more than 70 percent in Europe. The low emission vehicles could be both electric vehicles as well as hybrid-electric models.
But Stellantis has not revealed much on its plans of electrification. Tavares said that they will start revealing the plans as and when they move towards the goal. The company said it is focusing on technologies that can increase the lifetime of EVs. They said that the company can bring altogether new EV platforms. It wants to provide give over-the-air and remote updates for electric vehicles. Stellantis has 14 brands including Jeep and Fiat. Tavares said that investment can help the company to be in a leadership position in the world. The top executives of the company said the decision was much needed. This is because they feel that Stellantis has reached saturation on the efficiency of combustion engines.