Fiat's Strategic Shift Amid EV Market Slowdown

Fiat is reportedly contemplating the introduction of an ICE version of its all-electric Fiat 500, the 500e, due to sluggish demand Despite setting a production goal of 175,000 units annually for the 500e, with 100,000 expected to be ICE models, sales of the electric version haven't lived up to expectations The conversion of the 500e to a hybrid vehicle is being considered as part of a strategic move to address the overall deceleration in the electric vehicle market and concerns from unions. This adaptation is seen as a way to help Italy achieve its automotive production target of a minimum of 1 million vehicles per year While Fiat has previously announced ambitions to transition to an electric-only lineup by 2030, the hybrid 500e variant is not anticipated to be available until late 2025 or early 2026 This gap will potentially leave dealers without a direct replacement for the retiring combustion 500 for more than a year and a half..