Auto Makers Are Racing to Catch Tesla. Stellantis CEO Says Not So Fast. – Barron’s
Stellantis CEO Carlos Tavares has a warning regarding electric vehicles. He isn’t sure the EV cost equation makes sense.
Tavares said in an interview with Reuters published Wednesday that while governments and investors are pushing auto makers to speed up the shift to EVs, consumers won’t be able to absorb the higher costs. That could force car companies to either accept sm…….
Stellantis CEO Carlos Tavares has a warning regarding electric vehicles. He isn’t sure the EV cost equation makes sense.
Tavares said in an interview with Reuters published Wednesday that while governments and investors are pushing auto makers to speed up the shift to EVs, consumers won’t be able to absorb the higher costs. That could force car companies to either accept smaller margins or sell fewer vehicles. Either one could lead to pressure for cuts that might eventually threaten auto manufacturing jobs.
Stellantis…
Source: https://www.barrons.com/articles/stellantis-auto-makers-ev-costs-tesla-51638388459
