Once a fierce critic of the European Union’s push to restrict ICE vehicles, Stellantis is now reaping rewards from its shift in focus to EVs, with France taking the lead thanks to revised “green bonus” incentives for Europe-made cars while freezing out Chinese brands. Yesterday the company announced a 7% year-on-year sales uptick yesterday, with a 37% boost in EV sales in Europe, beating out Tesla.
Stellantis, the parent company of Fiat, Ram, and Peugeot, can thank sales of its popular Jeep Avenger, Citroën Ami, and Peugeot E-208 models for the boost in EV sales. According to figures released yesterday and spotted by Euroactiv, the company’s revenue is €45.1 billion.
“We secured second place in Europe over Tesla” in overall EU sales, said incoming CFO Natalie Knight in a meeting with the group’s general assembly. Tesla ranked third in sales, while VW Group took top honors. “We are doing everything we can to further our [efforts], all the while responding to key short-term sector challenges and continuing our electric and technological transformation.”
Stellantis, formed in 2021, was an early critic of the European Union’s call to restrict sales of new ICE vehicles after 2035, with company CEO Carlos Tavares calling the new rules “dogmatic” and “an organized movement against the automobile” as recently as 2022.
Of course, this renewed focus is all part of a major European strategy to shift the spotlight away from cheaper Chinese-made cars to domestic ones with greener production cycles. China has taken the top spot in Europe’s EV market over the past 15 years, with Chinese brands taking 8% in 2022. European Commission data expects a jump to 15% by 2025, which would be a huge blow to European automakers. China’s BYD also announced a big jump in quarterly profit gains over the past year, with an 82% year-on-year increase, rising to $1.42 billion (€1.34 billion).
President Emmanuel Macron recently unveiled new incentives to sway buyers away from Chinese models toward French and European ones, including a new €100 per month leasing scheme for EU-made electric cars. The French government also announced a big rollout of cash incentives for first-time EV buyers, as long as they bought cars made in the EU. The green bonus, which was once a €5,000-flat cash incentive applicable to all EVs, now takes into account the car’s production and life cycle, freezing out Chinese and foreign-made cars with heavy CO2 emissions in their manufacturing process. France has committed to producing over 1 million EVs by the end of 2027.
Stellantis plans to bring its all-electric Citroën ë-C3 to market soon as an affordable EV with a 44kWh battery pack and 320-km (199-mile) range. Prices start at €23,300. Stellantis has also opened a new Battery Technology Center at the Mirafiori complex in Turin, Italy.
Photo credit: Stellantis
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GreenPower Motor Company says it’s received three orders for 11 of its BEAST electric Type D school buses for western state school districts in Arizona, California, and Oregon.
GreenPower hasn’t made the sort of headline-grabbing promises or big-money commitments that companies like Nikola and Lion Electric have, but while those companies are floundering GPM seems to be plugging away, taking orders where it can and actually delivering buses to schools. Late last year, the company scored 11 more orders for its flagship BEAST electric school bus.
As far as these latest orders go, the breakdown is:
seven to Los Banos Unified School District in Los Banos, California
two for the Hood River County School District in Hood River, Oregon
two for the Casa Grande Elementary School District in Casa Grande, Arizona
Those two BEAST electric school buses for Arizona will join another 90-passenger BEAST that was delivered to Phoenix Elementary School District #1, which operates 15 schools in the center of Phoenix, late last year.
“As school districts continue to make the change from NOx emitting diesel school buses to a cleaner, healthier means of transporting students, school district transportation departments are pursuing the gold standard of the industry – the GreenPower all-electric, purpose-built (BEAST) school buses,” said Paul Start, GreenPower’s Vice President of Sales, School Bus Group. “(The) GreenPower school bus order pipeline and production schedule are both at record levels with sales projections for (2025) set to eclipse the 2024 calendar year.”
GreenPower moved into an 80,000-square-foot production facility in South Charleston, West Virigina in August 2022, and delivered its first buses to that state the following year.
Electrek’s Take
Since the first horseless carriage companies started operating 100 years ago (give or take), at least 1,900 different companies have been formed in the US, producing over 3,000 brands of American automobiles. By the mid 1980s, that had distilled down to “the big 3.”
All of which is to say: don’t let the recent round of bankruptcies fool you – startups in the car and truck industry is business as usual, but some of these companies will stick around. If you’re wondering which ones, look to the ones that are making units, not promises.
While some recent high-profile bankruptcies have cast doubt on the EV startup space recently, medium-duty electric truck maker Harbinger got a shot of credibility this week with a massive $100 million Series B funding round co-led by Capricorn’s Technology Impact Fund.
It’s been a rough couple of weeks for fledgling EV brands like Lion Electric and Canoo, but box van builder Harbinger is bucking the trend, fueling its latest funding round with an order book of 4,690 vehicles that’s valued at nearly $500 million. Some of the company’s more notable customers including Bimbo Bakeries (which owns brands like Sara Lee, Thomas’, and Entenmann’s) and THOR Industries (Airstream, Jayco, Thor), which is also one of the investors in the Series B.
The company plans to use the funds to ramp up to higher-volume production capacity and deliver on existing orders, as well as build-out of the company’s sales, customer support, and service operations.
“Harbinger is entering a rapid growth phase where we are focused on scaling production of our customer-ready platform,” said John Harris, co-founder and CEO. “These funds catalyze significant revenue generation. We’ve developed a vehicle for a segment that is ripe for electrification, and there is a strong product/market fit that will help fuel our upward trajectory through 2025 and beyond.”
The company has raised $200 million since its inception in 2021.
There is no state more associated with cars and car culture than Michigan – and the state that’s home to the Motor City has just taken a huge step into the future with the deployment of its first-ever all electric police vehicle.
The 2024 Ford Mustang Mach-E patrol vehicle is assigned to the Michigan State Police State Security Operations Section, and will be to be used by armed, uniformed members of the MSP specializing in general law enforcement and security services at state-owned facilities in the Lansing, MI area.
“This is an exciting opportunity for us to research, in real time, how a battery electric vehicle performs on patrol,” says Col. James F. Grady II, director of the MSP. “Our state properties security officers patrol a substantially smaller number of miles per day than our troopers and motor carrier officers, within city limits and at lower speeds, coupled with the availability of charging infrastructure in downtown Lansing, making this the ideal environment to test the capabilities of a police-package battery electric vehicle.”
In those tests, the EVs have impressed – but the MSP has been hesitant to commit to a BEV until now. “We began testing battery electric vehicles in 2022, but up until now hybrids were the only alternative fuel vehicle in our fleet,” said Lt. Nicholas Darlington, commander of the Precision Driving Unit. “Adding this battery electric vehicle to our patrol fleet will allow us to study the vehicle’s performance long-term to determine if there is a potential for cost savings and broader applicability within our fleet.”