(Alliance News) - Stellantis CEO Antonio Filosa is calling for a more gradual energy transition than the current EU plans, as well as scrappage incentives that make switching vehicles more attractive for consumers.
As reported by La Repubblica on Friday, Filosa explained at the Goldman Sachs Industrial & Auto Conference that some forecasts for electric vehicles had been overly optimistic: in the United States, battery-powered cars account for less than 6% of the market, far from the 50% projected for 2030, and Europe is also lagging behind. As a result, Stellantis will revise its strategy and present a new plan at the Capital Market Day in June, with a focus on revitalizing individual brands.
Filosa highlighted three priorities for the European industry: job protection, environmental sustainability, and affordability for consumers.
In the United States, following President Donald Trump's announcement of the suspension of Cafe standards--welcomed by automakers--Stellantis sees a more "market-friendly" environment.
According to the CEO, the U.S. will once again become central for the group, thanks in part to more stable tariffs and emission standards that can boost volumes and margins. The company will especially focus on hybrid engines, which already accounted for 8% in the third quarter.
The new emission rules will have a significant impact on prices and consumer choices. There is considerable anticipation for the EU's announcement scheduled for December 10, although the date may be postponed, as noted by Transport Commissioner Tzitzikostas.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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