Jeep and Ram owner Stellantis is investing over $406 million to retool three Michigan plants as part of plans to ramp up EV production. The new funding comes as it preps for the first electric Jeep, Dodge, and Ram EV pickup to hit the US market.
Jeep, Ram to kick off Stellantis’ EV ramp up in the US
Stellantis announced today’s new investments are part of a “multi-energy strategy.” Over $235 million of the funding will accelerate the retooling of its Sterling Heights Assembly Plant (SHAP).
The company confirmed the SHAP facility will be its first in the US to build an all-electric vehicle, Ram’s electric pickup. Stellantis said the Ram 1500 REV electric pickup will launch in late 2024 and be built alongside the 2025 Ram 1500 Ramcharger (range-extended model).
Based on the STLA Frame platform, Ram’s electric pickup offers up to 500 (229 kWh battery) or 350 miles (168 kWh battery) range.
Other investments include about $97.6 million into its Warren Truck Assembly Plant (WTAP) to prepare for Jeep’s first global EV, the Wagoneer S.
Jeep’s Wagoneer S will be one of four EVs launched globally by the end of 2025. The other three include the Wrangler-inspired Recon EV, a new mainstream electric crossover SUV, and a Renegade EV starting under $25,000.
Jeep Recon electric SUV (Source: Stellantis)
Stellantis will also retool its Dundee Engine Plant (DEP) to assemble, weld, and test battery trays for its STLA Frame architecture.
The facility will also produce front and rear beams for the STLA Large platform. Production is slated for 2024 and 2026, respectively.
Jeep EV roadmap (Source: Stellantis)
The new investments are part of Stellantis’s broader Dare Forward 2030 strategy, which calls for 100% of passenger car sales in Europe and 50% of its passenger car and light-duty truck sales in the US to be electric by 2030.
2025 Ram 1500 REV (Source: Ram)
Dodge, another Stellantis brand, is launching its first EV, the 2024 Charger Daytona. The brand claims the Scat Pack model maintains its title as the “World’s quickest and most powerful muscle car.”
2024 Dodge Charger Daytona EV Scat Pack (Source: Stellantis)
Electrek’s Take
Stellantis is about to launch the first Jeep, Dodge, and Ram EVs in North America just as US rivals Ford and GM pull back on major initiatives.
Ford is scrapping plans for its electric three-row SV, opening the door for Jeep, which will launch its first EV in the US later this year. Instead, Ford is doubling down on smaller, more affordable electric cars.
GM pushed back several EV projects, including the opening of its electric truck plant in Michigan and an EV battery factory in Indiana.
Will Jeep and Ram take advantage of the opportunity? Jeep is undergoing a brand revamp and is looking to reverse a five-year sales slump.
According to CEO Antonio Filosa, Jeep’s electric SUV will not launch until it is of “perfect quality” as the company looks to turn things around in its most important market. The Wagoneer S is expected to play a key role.
bp pulse is continuing to roll out public DC fast charging across the US, and the company has opened its first-ever site in Arizona, along with new fast-charging locations in Texas, Florida, and Ohio.
In Arizona, bp pulse’s first site is now online at the Petro Travel Center in Eloy, just off Interstate 10 at Exit 200 (pictured). The location features 16 charging bays delivering up to 400 kilowatts, with both CCS and NACS connectors available. While charging, drivers can take advantage of the travel center’s onsite diner, convenience store, ATM, barber shop, and restrooms.
In South Florida, bp pulse’s new fast-charging site is at 2400 Miami Road in Fort Lauderdale, about three miles from Fort Lauderdale–Hollywood International Airport. The site features 16 charging bays, offering a mix of 150 kW and 400 kW speeds, with both CCS and NACS connectors. Its proximity to the airport makes it a handy stop for ride-hail drivers, EV rental returns, and airport pickups and drop-offs, with hotels, restaurants, and convenience stores nearby.
Texas is also getting more high-power charging, with a new bp pulse site at the Petro Travel Center in El Paso, located off Interstate 10 at Exit 37. This location offers 12 charging bays capable of delivering up to 400 kW, again with both CCS and NACS connectors. Drivers can take advantage of the diner, convenience store, barber shop, and restrooms while they charge.
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In Ohio, bp pulse has opened a smaller but still high-powered site at a TravelCenters of America location in Hebron, just off Interstate 70 at Exit 126. The site includes six 400 kW charging bays with CCS and NACS connectors, along with access to a convenience store, fast-food options, and restrooms.
These openings are part of bp pulse’s broader plan to build out EV charging across bp’s retail footprint, including bp, Amoco, ampm, Thorntons, and TravelCenters of America locations. Many of those sites are designed to combine fast charging with food, restrooms, and other travel amenities. bp has also said it plans to begin adding EV chargers at Waffle House locations starting in 2026.
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The Cadillac Lyriq and Chevy Blazer EV were among the vehicles that saw the biggest lease price drops in December.
Cadillac and Chevy EV lease prices drop in December
With the $7,500 federal EV tax credit now gone, automakers are filling the gap with their own incentives. Some are passing on the savings as bonus cash, conquest cash, lease discounts, and more.
Two General Motors electric SUVs, the Chevy Blazer EV and the Cadillac Lyriq, had some of the largest lease price drops of any vehicle in December.
The 2026 Cadillac Lyriq AWD Luxury model is now listed at $439 per month for 24 months. With $4,979 due at signing, the effective rate is $646, or $28 less per month than in November.
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That’s after the Lyriq already saw prices drop by $115 a month from October. However, the December deal includes a $2,000 competitive bonus for owners and lessees of a 2011 model year or newer non-GM vehicle.
The 2026 Cadillac Lyriq Luxury (Source: Cadillac)
The 2026 Chevy Blazer EV FWD LT is now available to lease for as low as $319 a month for 24 months. With $6,039 due at signing, the effective rate is $571 per month, about $60 less than in November. The deal includes a $750 competitive bonus and $1,000 customer cash allowance.
Chevy and Cadillac are offering discounts across their entire EV lineup. All 2025 Chevy electric vehicles, including the Blazer EV, Equinox EV, and Silverado EV, are available with 0% APR financing for 60 months.
Intestingly, the 2026 Chevy Equinox EV is also available with 0% APR financing, while the 2026 Blazer EV is listed with 1.9% APR for 36 months.
Cadillac is offering a $2,000 conquest or loyalty bonus for the 2026 Cadillac Vistiq and select 2025/2026 Optiq and Lyriq models, plus 2.9% APR for 60 months.
The 2026 Cadillac Optiq is available to lease for as low as $319 per month for 24 months, while the 2026 Vistiq is available to lease for $619 per month for 24 months.
Want to try one out? We’ve got you covered. Check out the links below to see what Cadillac and Chevy EVs are nearby.
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Electric vehicle prices edged lower and incentives jumped in November, but the month still saw a sales slowdown as the US EV market continues to hunt for a new normal.
Initial estimates from Kelley Blue Book show that EV sales came in at just over 70,000 units in November, more than 40% lower than a year ago and about 5% below October’s level.
The average transaction price (ATP) for a new EV in November was $58,638. That’s up 3.7% year-over-year but down 0.8% from October. Incentives told a different story: Discounts averaged 13.3% of ATP, which is lower than in November 2024 but jumped 20.1% compared to October.
Tesla continued to feel the pressure. The automaker’s ATP was $54,310 in November – down 1.7% from the same period a year ago but up 1.5% month-over-month. Sales declined for the second straight month and were down 22.7% year-over-year, mainly because of a drop in Model 3 demand.
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Model 3 sales slid 42.1% compared to November 2024 and fell 11.9% from October. Meanwhile, the Model Y, still the best‑selling EV in the US, saw prices increase 0.9% year-over-year and month-over-month. Model Y sales were slightly lower than last November, down 0.5%, but rose 2.5% compared to October.
The Tesla Cybertruck showed signs of cooling. Once the best‑selling vehicle priced above $100,000, Cybertruck sales fell to 1,194 units in November, the lowest monthly total of 2025 so far. Its average price was $94,254, higher both year-over-year and compared to October.
Taken together, the numbers paint a picture of an EV market in transition: prices are easing, incentives are rising, but buyers are still holding back as the industry tries to settle into its next phase.
Cox Automotive executive analyst Erin Keating said, “It’s important to remember that the KBB ATP is a measure of what is bought, not what is available. Nearly half of new-vehicle buyers are over the age of 55 and in their peak earning years. These buyers are more likely shopping for a high-end SUV, not something cheap and cheerful. In November, the over-$75,000 price point saw more volume than under-$30,000.”
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