Pandemic, chip crisis and finally inflation. The automotive sector has been under pressure for several years, with a situation that was not rosy before all these critical issues arose. It was Carlos who underlined how the situation is affecting the entire chain from manufacturer to driver TavaresCEO of Stellantis, which has expressed its concern in particular about the rising prices of new cars. The Portuguese manager highlighted how the cost of a new car has grown exponentially and the higher price lists, combined with rising inflation, will lead to a potential exclusion of some customers who will see their purchasing power reduced.
βI am very concerned about the accessibility effect. It is becoming a much bigger problem as inflationary pressures rise – Tavares said in a recent interview with the American media – These are turbulent times for the automotive sector. And all this in the midst of the transition process to the era of fully electric mobility. “ The number one of the group born from the merger between FCA and PSA then focused on sustainable mobility and on the prices of electric cars, highlighting once again that these are too high. βIn the short and medium term, electric cars will cost more than petrol models in the equivalent segment. We will have to find ways to cut costs quickly. New price increases cannot be passed on to consumers. If the trend continues, the middle classes will not be able to buy new cars β.
Tavares’ statements come a few days after the presentation of the new industrial plan of Stellantisthe Dare Forward 2030 program which provides for a further acceleration on electrification, with 100% sales of electric cars in Europe by 2030. In the background, the uncertain situation also derives from the current war in Ukraine, which has led to some raw materials to double their prices, with steel, nickel and palladium which in a week experienced a surge in costs.
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