Stellantis's EV Market Performance and Future Plans

Stellantis experienced a mixed performance in the first quarter of 2024, with vehicle sales in the United States dropping by 10% However, the company saw a notable increase in demand for its plug-in hybrid electric vehicles (PHEVs), with sales surging by 82% The top four PHEV models in the U.S. market during this period were all from Stellantis In response to the growing interest in electric mobility, Stellantis is set to introduce eight all-electric models by the end of 2024 The company also achieved a record high with PHEVs constituting 13.8% of its total sales volume. Looking ahead, Stellantis aims to transform its sales portfolio significantly, targeting an increase in the share of all-electric vehicles from the current 0% to 50% by the end of the 2030s, illustrating a strategic commitment to the expansion of electric vehicle offerings in the upcoming years.