Stellantis Unveils Electric Jeep and Promises New Energy Goal

CEO stellantis told CNBC on Monday that by the middle of this decade, the company will be using its own facilities to produce half of the energy needed for production.

“We have made the decision to invest appropriately in Stellantis to, in terms of production in 2025, be able to produce 50% of our energy needs in our own facilities,” said Carlos Tavares, who spoke with CNBC’s Charlotte Reed at the Paris Motor Show. .

Tavares’ comments came as Stellaantis was preparing to debut what he called the “first pure EV Jeep” after details about the vehicle were released last month.

The Jeep Avenger’s “target electric range” is 400 kilometers, or just under 249 miles, according to Stellaantis.

The firm, whose brands include Fiat, Chrysler and Citroen, is set to open bookings for the Avenger on Monday, and it should hit showrooms next year.

Stellantis wants all passenger sales in Europe to be battery electric by 2030. In the US, she wants “50% of BEV passenger car and light truck sales” within the same time frame.

Stellantis’ plans to produce electric vehicles put it in competition with firms like Elon Musk. Tesla as well as companies such as Volkswagen, Fordas well as grandmaster. According to the International Energy Agency, sales of electric vehicles should reach a record level this year.