Stellantis CEO Carlos Tavares says his company has to work on cutting costs globally in order to keep electric vehicles affordable for the middle class.Among the cuts are reducing the number of the automaker's factories because electric vehicles cost about 40% more than those powered by gasoline.Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, Tavares told reporters Thursday at the CES gadget show in Las Vegas.
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