Stellantis debuts electric Jeep, pledges new energy target

Stellantis CEO Carlos Tavares poses for a photo in Turin, Italy, on March 31, 2022.

Stefano Guidi | Getty Images News | beautiful pictures

CEO of Stellantis told CNBC on Monday that the company will use its own sites to generate half of the energy needed for production by the middle of the decade.

“We have decided on the appropriate investments so that Stellantis can, from a production standpoint, by 2025 produce 50% of our energy needs at our sites,” said Carlos Tavares, who spoke to CNBC’s Charlotte Reed at the Paris Motor Show, said.

Tavares’ comments come as Stellantis prepares to launch what he calls “the first pure Jeep EV” after details of the vehicle were announced last month.

According to Stellantis, the Jeep Avenger’s “target electric range” is 400 kilometers, or a little under 249 miles.

The company – whose brands include Fiat, Chrysler and Citroen – is set to open pre-orders for the Avenger on Monday and is expected to arrive in showrooms next year.

Stellantis wants all passenger car sales in Europe to be battery-powered by 2030. In the US, it wants “50% of BEV passenger car and light truck sales” in the same timeframe .

Stellantis’ electric car plans put it in competition with companies like Elon Musk’s Tesla as well as companies like Volkswagen, Fordand GM. According to the International Energy Agency, electric vehicle sales will of course hit an all-time high this year.


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