Stellantis to Invest at Least $35.5 Billion in Electric Vehicle Production

As pressure grows on the world to go green, vehicle electrification may soon dominate the automotive industry. Ditching your petrol or diesel-powered vehicle for an electric supercharger with hybrid power may sound like a myth, but Stellantis will soon make this a reality. With more manufacturers trying out new technologies to bring you affordable and faster-charging vehicles with EV batteries, Stellantis projects that approximately 40% of its sales will be from electric cars by the year 2030. 

A brief history of Stellantis

The Stellantis logo on a smartphone with a background of numbers and prices
The Stellantis logo on a smartphone | Rafael Henrique/SOPA Images/LightRocket via Getty Images

Stellantis, formerly known as Fiat Chrysler Automobiles N.V. (FCA), is headquartered in Amsterdam and offers economy and luxury vehicles worldwide. Following the merger between Peugeot S.A and FCA toward the end of January 2021, the company acquired the name Stellantis and announced its plans to invest at least $35.5 billion to electrify their vehicles and give their customers a touch of class. According to CNBC, Stellantis plans to manufacture 55 EVs by the year 2025. This production will be done in Europe and the U.S.

The $35.5 billion will be invested in technology to ensure that customers get the best value for their money. One example of an upcoming Stellantis EV is the Dodge eMuscle arriving in 2024, which will give electric vehicle enthusiasts the luxury of driving a fully electrified vehicle while enjoying all the benefits of a powerful muscle car.

Stellantis investment plans in Europe and the U.S.

Stellantis’ plans to manufacture elegant electric cars and bring its customers state-of-the-art vehicles that will meet the hype. It is expected that all 14 brands by Stellantis will be fully electrified by 2030. According to Autonews, the high-octane Dodge brand will be fully electric and ready by 2024. However, during the automaker’s EV Day presentation, Dodge CEO Tim Kuniskis assured EV fans that this technology would cut across all Stellantis brands, including Jeep, Chrysler, Peugeot, and Fiat.

Additionally, there are plans to launch the Ram 1500 battery-electric pickup by 2024, with fully electrified Ram vehicles expected in the market by 2025. This electrification plan will occur in Europe and North America, with 70% of total sales expected to be made in Europe. The sale of Stellantis’ low emission vehicles in the U.S. is expected to be about 40%, which will comprise both battery-powered and hybrid vehicles by 2030.       

According to the U.S. Department of Energy, driving an electric car not only saves you fuel costs but also helps conserve the environment. Therefore, EV drivers get to enjoy the benefits of living and driving in an environment free of pollution. Meanwhile, hybrid-electric vehicles use less fuel compared to petrol or diesel-powered vehicles.

What to Expect from Stellantis by 2025

While the company plans to go the electric route eventually, customers may have to wait a little longer. However, there are speculations that by 2030, approximately 40% of the automaker’s vehicles will be fully electric. It is also expected that all Stellantis brands worldwide will be fully electrified by the same year. You should expect electrified versions of Jeeps, Rams, Dodges, and Chryslers soon.

Among the top agendas of Stellantis management is to use five battery plants in Europe and North America as they work toward the manufacturing of fully electric vehicles by 2035. Stellantis CEO Carlos Taveres is optimistic that all their vehicles will eventually be fully electrified and none will malfunction.

However, the current shortage of semiconductors may cause delays, but the company is hopeful that its plans to electrify all its brands will go on as scheduled. In the meantime, customers can enjoy some of the already manufactured hybrid vehicles and taste the benefits associated with EVs.

RELATED: Stellantis CEO: EVs Need to Be More Affordable for Middle-Class Drivers