Jeep and Chrysler owner Stellantis – hardly a hero in our EV adoption story – says that is finally turning a profit on selling EVs. But that’s in no part due to US sales, since the company doesn’t sell any EVs in the country – but that is changing with a lineup on its way this year.
Speaking to journalists yesterday, CEO Carlos Tavares said that the company – which makes vehicles at its US plants for Jeep, Ram, Chrysler and Dodge brand – doesn’t plan on cutting production of EVs, reports Automotive News.
It’s a big milestone for legacy automakers, which have struggled to turn a profit on EVs even during high demand, falling woefully behind industry leaders Tesla and China rival BYD.
But still, Stellantis is hoping to position itself differently from the other members of the Big Three. “Stellatis’ strategy is very different… from the other competitors from Detroit,” Tavares said. “We’re keeping full speed on electrification.”
The company reported its third consecutive year of record profits since the merger of Fiat Chrysler and PSA Group formed the company in 2021. In the US, Stellantis makes vehicles at its US plants for Jeep, Ram, Chrysler, and Dodge brand. So far, it hasn’t sold a single EV in the US but sells them in Europe, with plans to bring EVs, starting with the Fiat 500e, to North America this year.
Ford, which is the only automaker to officially break out EV and ICE results separately, reported a loss of $4.7 billion in EVs last year, or more than $40,000 per vehicle. General Motors didn’t break out EV results but said that it remains on track to profit from EV sales in the second half of this year. But in recent months, both Ford and GM have pulled back on their production plans on EVs, citing a drop in demand.
Taveras did say that it’s possible that company’s record profits might shift as it focuses on making EVs, athough he says he is positive that 2024 will be better than 2023, since Stellantis was among the automakers contending with a six-week UAW strike at its US plants.
“We are working very, very hard to bring the profit margins of electrified vehicles to the same level as ICEs,” he said. “We are not there yet. But we are getting closer.”
Besides the Fiat 500e, Stellantis is slated to bring a Ram ProMaster EV along with zero-emissions models from Dodge, Jeep, and Ram to the US this year. Several of its brands already have set targets for dropping ICE versions, including Alfa Romeo going fully electric by 2027 and Chrysler by 2028. Stellantis is aiming for 100% electric passenger car and light-duty truck sales in Europe by 2030, while aiming for only half of that for the US.
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The Joint Office of Energy and Transportation’s Communities Taking Charge Accelerator has awarded $43.7 million to 25 innovative EV charging projects across the US.
The Communities Taking Charge Accelerator was launched on April 16, 2024, and the funding comes from the Infrastructure Investment and Jobs Act.
The three main goals of the funding are to expand access to electrified mobility options for folks who don’t have access to home charging, accelerate opportunities for fleet electrification, and improve and advance managed charging systems to mitigate impacts and optimize usage of the grid.
On January 15, 25 project awardees were announced that impact 23 states, the District of Columbia, and Puerto Rico. Challenges that the projects will address include:
Solving for no-home charging. Not everyone has a driveway or garage to charge their EVs, e-bikes, or scooters. Projects are testing creative solutions like curbside chargers, multifamily charging setups, and shared community micromobility hubs. They also look at everything from rate design to building multimodal charging hubs, making it easier for people in apartments or urban areas to power up.
In this project, for example, Voltpost will install lamppost EV chargers in San Francisco using existing infrastructure.
Electrifying fleets for people and goods. Think of shared rides, carpool services, and last-mile delivery trucks. Electrifying these types of light- and medium-duty fleets could have a huge impact on reducing emissions. These projects aim to figure out how to charge fleets more efficiently, whether they’re transporting people or goods. It’s all about improving community access to clean transportation options while keeping operations smooth for fleet operators.
The Los Angeles County Metropolitan Transportation Authority’s project allows Metro Bike Share to increase access to electric bikes by implementing electrified stations with in-dock charging.
Managed charging for clean reliable energy. Managed charging is about coordinating when and how EVs charge to avoid grid strain and use renewable energy whenever possible. Projects in this area are working on open-source tools and standards to make managed charging tech accessible and easy to integrate into today’s energy systems.
The University of Alabama is running a project to develop and implement an end-to-end multi-stakeholder EV charging management framework to enhance grid reliability.
Gabe Klein, executive director of the Joint Office, said, “This investment aims to expand transportation and energy infrastructure to meet the current and anticipated demands – from how people charge and use shared vehicle fleets including e-bikes around transit hubs to a new model for more affordable multifamily housing charging – advancing a more holistic energy and transportation ecosystem.”
Electrek’s Take
The Biden administration has been rapidly doling out funds to clean energy and EV projects, and it’s great to see the Communities Taking Charge Accelerator funds reach its recipients at the 11th hour. There are some great projects, which you can check out here.
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Tesla announced on X that it is working on a new way to keep the cameras clean on the Cybertruck.
Hopefully, it will make its way to other Tesla vehicles because it is a common problem with the performance of its advanced driver assist systems (ADAS).
When driving using Tesla’s Autopilot or Full Self-Driving (Supervised) suite of driver-assist features, you will often get an alert that the system might not work properly because “one or more cameras are obstructed” due to dirt or snow coming off the road and into the lenses.
For Cybertruck, that’s an even problem because the rear-view camera is the only way to look behind the vehicle when the tonneau cover is up.
It led to some owners complaining that they need to remember to clean the camera at the back of the truck almost every time they use it, especially in the winter.
Tesla responded to some of those comments through its ‘Tesla AI’ account on X. One owner specifically asked if Tesla is planning a solution for when it achieves “unsupervised self-driving” because it then can’t expect someone to always be able to clean the cameras and Tesla responded:
On a more serious note, a more comprehensive cleaning solution is being worked on.
Tesla didn’t elaborate on the solution or when it would be available.
I doubt that it will be lasers, though it would be cool, but there’s undoubtedly a need for a solution.
In my own experience with FSD in the Quebec winter, I get alerts of obstructed cameras literally every other drive.
Tesla has already implemented heaters, which help some, but other than the front-facing cameras, which benefit from the windshield wipers, there’s a need for more.
What’s interesting here is Tesla basically admits that for unsupervised self-driving, which was part of the question it answered, it needs to add extra hardware to make it work.
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Buy or lease the new 2025 IONIQ 5, and Hyundai will give you a free ChargePoint Level 2 EV charger. Or, you can choose a $400 charging credit. That’s a pretty sweet deal, with leases starting as low as $199 per month. Here’s how you can snag the offer.
2025 Hyundai IONIQ 5 now comes with a free EV charger
Last September, Hyundai introduced the program, offering a free ChargePoint L2 Home Flex Charger for new IONIQ 5, IONIQ 6, and Kona Electric customers.
After a positive response, the company expanded the program through the end of 2024. Now, Hyundai is offering a free EV charger promo for those who buy or lease the new 2025 IONIQ 5.
Hyundai unveiled the 2025 IONIQ in September. It now has more range, a sleek new design, and it even comes with an NACS port for charging at Tesla Superchargers. Hyundai wants to make it even easier for you to go electric by offering a free home charger.
Starting January 1, 2025, you can receive a free home charger if you purchase or lease a new 2025 IONIQ 5. If you already have a home charger, you can opt for a $400 credit to use at public ChargePoint, EVgo, and Shell Recharge chargers.
Hyundai will provide the charger through its Hyundai Home Marketplace and help you schedule installation. If you choose the charging credit, you can redeem it using the ChargePoint mobile app.
You have 60 days from the purchase or lease date to choose the home EV charger or $400 public charging credit. To redeem the offer, you must create a profile on Hyundai Home Marketplace.
After you create a profile, you can redeem the home charger public credit by clicking the “Find Offer” button at the bottom of the page. It will ask you a few questions before you can select the option.
Once you redeem it, Electrum will email you within five business days with a coupon code. Installation costs are not included in the offer.
2025 Hyundai IONIQ 5 Trim
EV Powertrain
Driving Range (miles)
Starting Price*
IONIQ 5 SE RWD Standard Range
168-horsepower rear motor
245
$42,500
IONIQ 5 SE RWD
225-horsepower rear motor
318
$46,550
IONIQ 5 SEL RWD
225-horsepower rear motor
318
$49,500
IONIQ 5 Limited RWD
225-horsepower rear motor
318
$54,200
IONIQ 5 SE Dual Motor AWD
320-horsepower dual motor
290
$50,050
IONIQ 5 SEL Dual Motor AWD
320-horsepower dual motor
290
$53,000
IONIQ 5 XRT Dual Motor AWD
320 horsepower dual motor
259
$55,400
IONIQ 5 Limited Dual Motor AWD
320-horsepower dual motor
269
$58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)
Hyundai’s 2025 IONIQ 5 starts at $43,975. The longer range model, with up to 318 miles range, starts at $46,550. With the potential $7,500 EV tax credit, prices could drop to under $36,500.