Stellantis debuts pure-electric Jeep, pledges new target on energy self-sufficiency

The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half the energy it needs for manufacturing by the middle of this decade.

“We have decided the appropriate investments for Stellantis to be able, from a manufacturing standpoint, in 2025 to produce 50% of our energy needs within our own sites,” Carlos Tavares, who was speaking to CNBC’s Charlotte Reed at Paris Motor Show, said.

Tavares’ comments came as Stellantis geared up to debut what he called the “first pure-EV Jeep” after details of the vehicle were published last month.

According to Stellantis, the Jeep Avenger’s “targeted electric range” is 400 kilometers, or a little under 249 miles.

The firm — whose brands include Fiat, Chrysler and Citroen — is set to open up reservations for the Avenger on Monday, and it’s slated to arrive in showrooms next year.

Stellantis wants all passenger sales in Europe to be battery electric by the year 2030. In the U.S., it wants a “50% passenger car and light-duty truck BEV sales mix” within the same timeframe.

Stellantis’ electric vehicle plans put it in competition with firms such as Elon Musk’s Tesla as well as companies like Volkswagen, Ford, and GM. According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year.