Stellantis Adapts to U.S. Market Changes

RENNES, France (Reuters) – Stellantis (NYSE: STLA) CEO Carlos Tavares announced that the company will adapt to changes in the U.S. car market anticipated under President-elect Donald Trump. Stellantis will utilize a platform capable of offering electric, hybrid, or gasoline versions of its models.

Trump's transition team aims to eliminate the $7,500 consumer tax credit for electric-vehicle purchases, as part of broader tax-reform legislation, according to two informed sources.

The removal of the tax credit may significantly impact the already slowing U.S. EV transition.

During a visit to a plant in western France, Tavares noted that Stellantis, one of the top three car manufacturers in the U.S., is monitoring Trump's decisions but is prepared to adjust to varying regional conditions.

This week, the company is set to unveil its "multi-energy" base platform for pickup trucks in the U.S. market, as Tavares emphasized, "Our mission is simple: to provide clean, safe and affordable mobility. We will do so in a way that meets the expectations of the communities and countries in which we operate," he stated to reporters.