DETROIT — Stellantis is a little late to the global electric vehicle party, but on Thursday it pledged to catch up and pass its competitors.
CEO Carlos Tavares says that by 2025, 98% of its models in Europe and North America will have electric versions. He says the company that combined Fiat Chrysler and Peugeot is developing four electric vehicle platforms with ranges from 500 kilometers (311 miles) to 800 kilometers (497 miles).
The models include a fully electric Ram pickup and Jeep Grand Cherokee, as well as small cars. There even will be an electric Dodge muscle car. The company says it will use its electric commercial vehicle expertise from Europe to build EV models worldwide.
Tavares says Stellantis will spend no less than 30 billion euros ($35.6 billion) over the next five years on EVs. It will build five battery factories in the U.S. and Europe.
Stellantis says the Opel brand will go fully electric in Europe by 2028, with 100% of its vehicles in China being electric. It will bring back the Manta sports car with a fully electric version by the middle of the decade.
The company is unveiling its electric vehicle plans with a trans-Atlantic webcast on Thursday.