Stellantis CEO says EV cost burden is 'beyond the limits' for automakers

Tavares says electrification brings 50% additional costs for an automaker against a conventional vehicle. The group's Opel Mokka-e is pictured.

R

By:

Reuters

December 01, 2021 02:08 PM

DETROIT -- Stellantis CEO 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.

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