AMSTERDAM - Stellantis N.V. (NYSE: NYSE:STLA) announced a partnership with the California Air Resources Board (CARB) to support the state's efforts in reducing carbon emissions and promoting electric vehicle (EV) usage. The collaboration is part of Stellantis' commitment to achieving a carbon net zero status by 2038, a goal that aligns with its Dare Forward 2030 strategic plan.
Under the agreement, Stellantis will work to avoid 10-12 million metric tons of greenhouse gas emissions in the U.S. The company will focus on expanding its EV lineup, with five plug-in hybrids and two battery electric vehicles currently available, and plans to launch eight new battery electric vehicle models this year. Stellantis aims to offer a total of 48 battery electric vehicle nameplates globally by the end of 2024.
The partnership includes initiatives to enhance EV awareness among U.S. consumers and dealers, in collaboration with Veloz, a leader in EV promotion. Stellantis will also offer discounted EVs to organizations in disadvantaged communities and contribute an additional $10 million to the installation of public EV chargers.
Stellantis CEO Carlos Tavares emphasized the win-win nature of the agreement, which not only benefits the environment but also allows U.S. customers to take advantage of the company's advanced technologies. California Governor Gavin Newsom and CARB officials praised the partnership as a significant step towards cleaner air and combating climate change.
Stellantis, which sells the Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, Chrysler Pacifica Hybrid, Dodge Hornet, Alfa Romeo Tonale, FIAT 500e, and Ram ProMaster EV in the U.S., is investing over €50 billion in electrification this decade. The company is securing around 400 GWh of battery capacity to support its sales targets, including a 100% passenger car battery electric vehicle sales mix in Europe and 50% in the United States by 2030.
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