Stellantis has warned that unless adjustments are made to the ZEV mandate, it may have to close its UK plants, significantly impacting over 1,000 employees.
Carlos Tavares expressed concerns that current EV regulations push manufacturers to sell more electric vehicles than actually demanded by consumers, forcing them to implement significant price cuts.
The ZEV mandate requires a rising percentage of electric vehicle sales by manufacturers, but the slower growth in private sales indicates a need for additional incentives.
EV sales surged by 25% in September, but the demand was largely driven by fleet operators, raising concerns about the buoyancy of private consumer demand.
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