Vehicles like the electric Wagoneer S could also be offered as gas or hybrids in the future.
Key Takeaways
- Stellantis has plans for 25 new models this year, including 18 EVs.
- Although introduced as EVs, there’s the possibility of those models also being offered as gas or hybrid vehicles.
- It’s all about what the customer wants rather than forcing EVs.
Speaking about its first-quarter results, Stellantis CFO Natalie Knight shared information about the range of propulsion systems we can expect to see on upcoming vehicles. The brand has plans for 25 new vehicles this year with 18 slated to be electric.
Related
Jeep Wagoneer S And Recon EVs Coming In 2024
Along with new plug-in hybrid models.
According to Knight, just because those 18 vehicles start out solely as EVs doesn’t mean they’ll stay that way. “We’re committed very much to the EV market but, on the other hand, we have the flexibility to go and grow where the consumer demand is,” Knight said during the earnings call.
Multi-Energy Platforms
Although many automakers have been all-in on electric offerings, Stellantis has focused on hybrid and gas engines and is only slowly adding electric vehicles. It’s also chosen to use the multi-energy STLA Large platform as a part of its strategy. This lets the company sell upcoming electric vehicles like the Dodge Charger Daytona as both an electric and a gas vehicle.
This combination of electric and combustion options appears to be working for Stellantis. Plug-in hybrid sales were up 79% year-over-year in the US with the Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, and Dodge Hornet coming in as the best-selling PHEVs in the country.
A Big Year
Launching 25 models worldwide makes this an ambitious year for Stellantis with the need to react to trends that differ from one region of the world to the next. It’s a challenge, but one Knight believes tthe comany is ready to address.
“This is a great opportunity for us, compared to our peers, having the multi-energy platforms for all of our products in development and having the agility to move between them.” – Natalie Knight, Stellantis CFO
The pivot to electric vehicles is slowing along with the pace of EV sales. Cadillac recently announced scaled back EV plans and it’s not alone. Lincoln has also slowed its EV transition to meet customer demands. The versatility to take its EVs and add gas or hybrid or powertrains will make it easier for Stellantis to adapt to the changing market.
#Stellantis #EVs #Sold #Gas #Vehicles
