Has Carlos Tavares really changed his tune on electric vehicles?
The Stellantis CEO has been critical of widespread electrification, calling it "a technology chosen by politicians, not by industry." But last week, Stellantis said it aims for all of its sales in Europe and half of its sales in the U.S. to be battery-electric vehicles by the end of the decade.
Tavares has made compelling arguments against speeding up EV production. Electric vehicles are 40 to 50 percent more expensive to build than those powered by internal combustion engines, he said, which is a sum Stellantis cannot fully absorb at competitive prices.