Stellantis CEO Antonio Filosa remains optimistic about the future of the U.S. EV market despite slowing demand in recent years, as the automaker recalibrates its electric vehicle strategy.
The details: Speaking at the Paris Auto Show, Filosa said he expects EV adoption in the U.S. to progress much more slowly than in other regions, pointing to several factors that could influence broader adoption, Reuters reported.
EV sales are "not regulation driven,” but rather “customer driven," with consumers shifting toward other powertrains following deregulation, said Filosa.
The CEO also said the auto industry is becoming less global as trade barriers reshape markets, requiring automakers to focus more closely on local customer preferences and regulations while maintaining global scale.
Technology is also playing an increasingly important role in helping automakers adapt to shifting market trends, Filosa explained.
Why it matters: Filosa’s outlook reinforces the importance of offering multiple powertrain options as U.S. EV demand evolves, giving Stellantis dealers greater flexibility to align their inventory and sales strategies with local consumer preferences.
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Between the lines: Filosa’s comments come as Stellantis increasingly leans on partnerships to strengthen its EV position while aligning its strategy with consumer demand.
Stellantis announced in May that it was expanding its partnership with Leapmotor, in which it holds a majority stake, to improve BEV affordability in Europe and accelerate the introduction of new models.
Stellantis and Dongfeng Group, known for its “new energy” EVs, recently agreed to expand their 34-year partnership through shared production of Peugeot and Jeep vehicles in China.
What they’re saying: “Our way is partnerships. So we see so many important partnerships that we can explore," said Filosa, per Reuters.
Bottom line: Stellantis is taking a more market-driven approach to electrification, relying on strategic partnerships and regional flexibility to remain competitive as EV adoption progresses at different speeds globally, potentially giving dealers a more adaptable product lineup as consumer preferences evolve.
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