Interview with Stellantis CEO Carlos Tavares. The latest big auto CEO to speak honestly about the transition to EVs. Despite what some in this thread are insistent on, their existing ICE business is an anchor, not an advantage. Whole article linked below. Some highlights:
"What has been decided is to impose on the automotive industry electrification that brings 50% additional costs against a conventional vehicle,"
"There is no way we can transfer 50% of additional costs to the final consumer because most parts of the middle class will not be able to pay."
the costs are "beyond the limits" of what the auto industry can sustain
"Over the next five years we have to digest 10% productivity a year ... in an industry which is used to delivering 2 to 3% productivity" improvement, he said.
"The future will tell us who is going to be able to digest this, and who will fail," Tavares said. "We are putting the industry on the limits."
https://www.reuters.com/business/au...urden-is-beyond-limits-automakers-2021-12-01/
My take.... Boo hoo Stellantis. This is what happens when you drag your feet for more than a decade. Burying your head in the sand and wishing EVs would go away has its consequences.