UPDATE 1-Stellantis to offer electric versions of almost all European line-up by 2025

Nick Carey
·2 min read

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By Nick Carey

LONDON, April 15 (Reuters) - Newly-created carmaker Stellantis will offer electric versions of almost all of its European line-up by 2025, it said on Thursday, as the auto industry faces regulatory pushes in Europe and China to accelerate the shift to zero-emission cars.

Formed in January by the merger of France's PSA and Italian-American group Fiat Chrysler, Stellantis is the world’s fourth largest carmaker with 14 brands including Opel, Jeep, Ram and Maserati, and like its peers faces an investor community keen for a road map to an electric line-up to rival Tesla .

Speaking during Stellantis' first annual shareholders meeting, Chief Executive Carlos Tavares said that in 2021 the carmaker expects sales of electrified vehicles - both plug-in hybrids and fully electric models - to more than triple to over 400,000 units in 2021.

By 2025, electrified vehicles should make up 38% of European sales, a huge jump from the 14% of sales it expects in 2021.

Tavares said by 2030 electric models should make up 70% of European sales and 35% of U.S. sales.

He said Stellantis will use four electric platforms for passenger vehicles across its 14-brand empire - small, medium and large sizes for cars, and "frame" for high-margin SUVs and pickup trucks.

Sweden's Volvo said this month its line-up would be fully electric by 2030, and Ford Motor Co said in February its line-up in Europe would be too.

BMW has said at least 50% of its car sales should be fully-electric models by 2030.

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales. (Reporting by Nick Carey. Editing by Jan Harvey and Mark Potter)