CleanTechnica•2 months ago
Stellantis Stumbles In A Staggering EV Retreat
- •Stellantis is taking a $26 billion write-down, primarily in North America, due to a significant retreat from Electric Vehicle (EV) production.
- •The company is replacing planned EV production with a return to Internal Combustion Engine (ICE) powertrains, including the 'Hemi' engine.
- •This move by a major automotive OEM signals a potential recalibration of EV adoption rates and associated infrastructure demand, impacting developers of charging infrastructure and grid upgrades.
financing