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Stellantis' EV Bet Backfires: Billions Lost!
27 Feb
Summary
- Stellantis reported a $26.3 billion net loss for 2025.
- Net revenues declined 2% to $180.8 billion in 2025.
- The company is reintroducing V8 and diesel engines across brands.
Stellantis experienced a significant financial downturn in 2025, reporting a net loss of $26.3 billion, attributed to $29.9 billion in "unusual charges." This financial blow stemmed from an overestimation of the electric vehicle transition pace.
Net revenues for 2025 decreased by 2% to $180.8 billion. CEO Antonio Filosa acknowledged the need to "reset our business around our customers' freedom to choose from the full range of electric, hybrid and internal combustion technologies."
Sales figures reveal the struggle, with models like the electric Jeep Wagoneer S and Dodge Charger selling in low thousands compared to their gasoline counterparts. In response, Stellantis has discontinued several plug-in hybrid models and is reintroducing V8 and diesel engines.
This strategic shift mirrors moves by Ford and General Motors, indicating a broader industry reevaluation of aggressive EV mandates. The company plans to integrate range-extender gasoline engines into future models, including the Ram pickup and Jeep Grand Wagoneer.
