Stellantis CEO says EV transition will place “significant” cost burdens on suppliers

At a recent conference, Carlos Tavares, CEO of Stellantis, said that the transition to EVs will place a “big big big” burden on suppliers to reduce costs.
A typical EV costs some 40% to 50% more to produce than an equivalent ICE model.
In an effort to boost EV sales, regardless of government incentives and tax breaks....

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