Stellantis CEO sees eventual US EV shift, says auto industry becoming more regional
- Stellantis boss admits US EV market stuck in neutral at 7% sales share
- Company pivots to range-extender tech as customers reject pure electrics
- Global auto industry fracturing into regional silos as trade wars heat up
- CEO confirms shift is 'customer driven' rather than policy-mandated
Brief Summary
Stellantis CEO Antonio Filosa isn't buying the hype, calling the US electric vehicle transition a 'regulatory bubble' that has failed to gain traction with actual drivers. While he maintains that electrification is inevitable, he predicts the US will drag its feet compared to the rest of the world. With EV sales stuck at 7% for half a decade, the automaker is shifting focus to range-extender technology for the SUVs and pickups Americans actually want to buy.
Why This Matters
You are seeing the end of the 'global car' era as trade barriers and local preferences force automakers to stop pushing one-size-fits-all mandates. For you, this means the auto market is becoming more responsive to what you actually want to drive rather than what bureaucrats in Washington or Brussels want to force on you. Expect more regional variety in vehicle lineups and potentially higher costs as manufacturers struggle to balance global technology development with the need to build specific products for specific markets.