EV Promises 'Beyond the Limits' of What Industry Can Sustain
Dec. 6, 2021—Stellantis Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs, Reuters reported.
Tavares said the cases are “beyond the limits'' of what the auto industry can sustain. Automakers need time for testing and ensuring that new technology will work, Tavares said. Pushing to speed that process up "is just going to be counterproductive. It will lead to quality problems. It will lead to all sorts of problems," he said.
Tavares said Stellantis is aiming to avoid cuts by boosting productivity at a pace far faster than industry norm.
Tavares has accelerated Stellantis' electric vehicle development, committing 30 billion euros through 2025 to developing new electric vehicle architectures, building battery plants and investing in raw materials and new technology.