TIPTON, Ind. -- Only two new electrified vehicles were listed on the five-year product plan that Fiat Chrysler Automobiles presented to analysts this month. But last week, CEO Sergio Marchionne said to expect more.
Speaking to reporters as Chrysler dedicated a transmission plant here, Marchionne said the automaker will need electrification to meet federal rules calling for cars and light trucks to average 54.5 mpg by the 2025 model year.
"The house will make it" to the 2025 fuel economy targets, Marchionne said. "Hybrids become a very large component of that fleet. You can't get it without the hybrids. It's impossible."
Chrysler's 2014-18 product plan calls for electric versions of its Chrysler Town & Country minivan and a yet-to-be-named large crossover that will also carry a Chrysler badge. The only electrified vehicle the company sells now is a battery version of the Fiat 500 minicar, which is sold only in California and will be sold in Portland, Ore., by late summer.
Marchionne said the automaker will tread lightly into electrification, however, and will focus on technologies that deliver "the best bang for the buck," such as belt starter generators.
Chrysler ranked last in car fuel economy among large automakers in the United States in the EPA's latest report.