Stellantis ups the ante, commits to 100 per cent EV sales in Europe by 2030

Just under a year after it announced its first round of electric dreams, Stellantis has doubled down on its previous commitments, saying it will go fully-electric in Europe by 2030.

In July last year, the recently-formed conglomerate – born out of a merger between FCA and PSA – announced it would aim for its electric vehicles to account for 70 per cent of sales in Europe by 2030, with the United States market behind on a more conservative 40 per cent.

However, as a part of its Dare Forward 2030 strategic plan revealed last night, Stellantis will now go all-out on electric vehicles in Europe, making sure its entire line-up is fully electric by the end of the decade, as it also readjusted its US expectations, now expecting half of all sales to come from EVs by the same date.

3

To achieve this, the multi-national conglomerate announced it will be bringing a total of 75 battery electric vehicles to the international market before the end of the decade, with the United States accounting for one-third of all the company's BEVs.

Should everything go to plan, Stellantis anticipates its 2030 sales to reach five million units across its 14 passenger vehicle brands, something which will eventually lead to it going carbon neutral by 2038.

CEO Carlos Tavares said it was the manufacturer's responsibility to lead the push towards electric vehicles and carbon neutrality, dictating its own path.

3

“Dare Forward 2030 inspires us to become so much more than we’ve ever been," said Tavares.

"We are expanding our vision, breaking the limits and embracing a new mindset, one that seeks to transform all facets of mobility for the betterment of our families, communities and the societies in which we operate.

"Powered by our diversity, Stellantis leads the way the world moves by delivering innovative, clean, safe, and affordable mobility solutions.

"Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50 per cent reduction by 2030. Taking a leadership role in decarbonization [sic], as well as a decisive step forward in the circular economy, is our contribution to a sustainable future."

Last week, Stellantis posted its first full-year financial report after the merger took place, with the group made up of Fiat, Jeep, Dodge, Opel, Vauxhall, Peugeot, Ram, DS, Abarth, Alfa Romeo, Chrysler, Citroën, Lancia and Maserati posting a net revenue of €152 billion (AU$237.9bn), leading to a net profit of €13.4 billion (AU$20.9bn).