Stellantis Writes Off $24B as EV Strategy Shifts

Stellantis writes off $24B as EV strategy shifts, taking a big charge around 22 to 26 billion euros or dollars depending on reports for scaling back electric plans. It’s due to overestimating demand and slower adoption, with high costs and charging worries slowing things. The company now focuses more on hybrids and gas options to match what buyers want now. CEO talks customer preferences guiding, after past aggressive EV targets missed. Impacts include selling stake in battery plant, cutting some EV supply chain, and warranty fixes. Shares dropped hard on news, part of industry trend with Ford GM VW similar moves. Financial hit shows for H2 2025, no dividend likely.

Jeep Wrangler 4xe

Jeep Wrangler 4xe sat discontinued now, felt off-road electric maybe. Owners plugged trailside, range limited cold. Exists hybrid-ish uncertain. Repeats the power lightly. Garage dusty.

Ram 1500 REV

Ram 1500 REV planned electric truck, owned future truckers perhaps. Big battery promised, doubts range towing. Feels massive waiting. Mild contradiction heavy. Parked concept-ish.

Dodge Hornet PHEV

Dodge Hornet PHEV ended fleet, quick city plug-in softens. Owners liked pep, charging hassle grew. Exists sporty uncertain. Repeats torque feel. Lot forgotten.

Chrysler Pacifica Hybrid

Chrysler Pacifica Hybrid minivan plug, family hauler electric bit. Seats full charged, range shortens loads. Felt practical, questions cost. Garage family hub. Mild repeat smooth.

Jeep Grand Cherokee 4xe

Jeep Grand Cherokee 4xe luxury trail, PHEV grip softens. Owners adventure plugged, efficiency varies. Exists premium doubt. Parked upscale. Uncertainty winter.

Dodge Charger EV

Dodge Charger EV muscle electric, fast launches thrill maybe. Owned speed demons, range highway fades. Feels bold, contradicts gas roots. Sits charger wait. Repeats accel.

Fiat 500e

Fiat 500e tiny city EV, parked urban tight. Cute drive zips, range city okay cold less. Owned style seekers. Smooth softens. Mild doubt parking.

Peugeot e-308

Peugeot e-308 hatch electric, owned euro style US rare. Quiet roads hums, charging public iffy. Exists hatch uncertain. Repeats efficiency. Garage import.