Stellantis Boosts Gearbox Output as Hybrid and EV Sales Slow
Introduction
In an evolving market where electric and hybrid vehicles were initially expected to lead, Stellantis has decided to amp up its gearbox production. This strategic move comes at a time when sales of hybrids and electric vehicles (EVs) are showing signs of slowing down. The automotive giant aims to adapt to current market demands and condition its production lines for better efficiency. Let’s delve into the implications of this decision for the vehicle market and what it means for car owners.
The Current State of Hybrid and EV Sales
The widespread adoption of hybrid and electric vehicles was predicted to transform the automotive industry. Although there has been a significant increase in EV adoption in recent years, recent data indicates a slowdown in sales growth. Factors contributing to this include:
- Economic Uncertainties: Financial concerns have made consumers hesitant to invest in higher-cost hybrid and electric vehicles.
- Charging Infrastructure: Limited charging stations and longer charging times compared to refueling traditional vehicles remain hurdles.
- Battery Technology: The evolution of battery technology has not kept pace with expectations, causing potential buyers to rethink long-term investments.
These challenges have resulted in a notable shift back towards traditional internal combustion
Credits:https://europe.autonews.com/automakers/stellantis-boosts-gearbox-output-hybrids-ev-sales-slow
