In a recent revelation that sent shockwaves through the electric vehicle industry, Stellantis CEO Carlos Tavares issued a stark warning, challenging the prevailing narrative surrounding the all-encompassing shift towards EVs. Tavares, known for his skepticism about EVs, believes that political pressures are driving the industry towards an unsustainable future.

Tavares' Warning: A Closer Look

Tavares, who took the helm at Stellantis in January 2021, expressed concerns about the challenges and costs associated with transitioning to EVs. He emphasized that manufacturing electric vehicles is 50% more expensive than conventional combustion vehicles. Tavares pointed out a critical dilemma faced by automakers: whether to pass on these additional costs to consumers, making EVs unaffordable for the middle class, or to accept lower profit margins and potentially face cutbacks and job losses
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