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Stellantis Doubles Down on Traditional Hybrids as US EV Market Shifts

Experts said Stellantis’s shift away from fully electric cars reflects current consumer sentiment.
Stellantis Doubles Down on Traditional Hybrids as US EV Market Shifts
A Stellantis assembly worker installs the door frame to a 2021 Jeep Grand Cherokee L on the assembly line at the Detroit Assembly Complex - Mack Plant in Detroit, on June 10, 2021. Rebecca Cook/Reuters
Panos Mourdoukoutas
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Stellantis is bringing back the Ram Hemi V8 engine and shifting its strategy toward traditional hybrids rather than fully electric vehicles, citing major changes in market dynamics, including the rollback of regulations and rising consumer demand for hybrids.

The company’s new direction was outlined by CEO Antonio Filosa on Dec. 4 during the Goldman Sachs Industrial and Auto Conference.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”