Stellantis makes 'aggressive' $35.5bn commitment to electric vehicles

Stellantis, the giant automaker formed by the merger of Fiat Chrysler Automobiles and France's PSA, plans to invest €30 billion, or $35.5 billion, by the end of 2025 to expand its portfolio of electrified vehicles.

According to CNN, the company is planning for 70% of its sales in Europe and 40% of sales in the US to be either fully electric or plug-in hybrid (but with a large majority of those vehicles being fully electric) within four years, Stellantis CEO Carlos Tevares said during an online presentation.

"[The plan] is among the most aggressive electric vehicle commitments the industry has yet seen," said Karl Brauer, an industry analyst with ISeeCars.com.

Among its upcoming offerings will be an all-electric muscle car from Stellantis' Dodge brand, as well as an all-electric Ram pickup.

The new Dodge is expected in 2024. Dark images in Stellantis' video presentaion show it to have sharp corners and retro styling, much like the current Dodge Challenger. It also shows a light-up version of Dodge's triangular 1960's logo.