Stellantis, one of the top three automakers in the United States, is poised to adjust its strategy to align with potential policy changes under a Trump administration, Chief Executive Carlos Tavares said on Monday.
President-elect Donald Trump’s transition team is reportedly considering eliminating the $7,500 federal tax credit for electric vehicle (EV) purchases as part of broader tax reforms, according to sources familiar with the matter. The proposed move could significantly impact the pace of EV adoption in the U.S., where the industry is already facing challenges.
Speaking at a Stellantis plant in western France, Tavares emphasized the company’s readiness to adapt to evolving market conditions. “Our mission is simple: to provide clean, safe, and affordable mobility,” he told reporters. “And we will do so in a way that meets the expectations of the communities and countries in which we operate.”
Stellantis plans to unveil a “multi-energy” platform for its U.S. pick-up truck lineup this week. The platform is designed to accommodate electric, hybrid, and gasoline powertrains, offering flexibility amid uncertain regulatory landscapes.
Tavares acknowledged the uncertainty surrounding Trump’s policy decisions but expressed confidence in Stellantis’ ability to navigate different regional conditions. “We need to see what decisions Trump will take, but we can adapt to different conditions in different regions,” he said.
The potential elimination of EV tax credits could complicate efforts to promote cleaner transportation solutions, underscoring the importance of multi-energy platforms that can cater to diverse consumer demands.
Source: Reuters
