After releasing an unexpectedly strong earnings report Wednesday on the heels of climbing EV momentum, Stellantis says it’s ready to do the same in North America, starting with the Ram and Jeep brands.
Despite Stellantis CEO Carlos Tavares claiming electric vehicles were being “imposed” on the auto industry, the leader is now crediting them after producing record results last year.
The Netherlands-based company, formed through a merger between Fiat Chrysler and Peugeot S.A (PSA), said electric vehicle sales rose 41% year-over-year to 288,000 EVs in 2022. More importantly, Stellantis says it was #1 in commercial electric vehicle sales in the EU30 and #2 in overall BEV sales.
The Fiat New 500 was Italy’s #1 selling EV, while the Peugeot e-208 claimed the top spot in France. Stellantis now has 23 BEVs on the market, with the portfolio expected to double by the end of 2024.
As part of its Dare Forward 2030 strategy released last March, the automaker strives to have over 75 EVs globally, with global electric vehicle sales of 5 million by 2030.
Tavares says after demonstrating the effectiveness of its EV strategy in Europe, the company is ready “to lead the same transformative journey in North America,” starting with the first Ram and Jeep EVs.
Stellantis prepares for North American EV rollout
Despite strong EV sales across Europe, Stellantis is falling behind in North America. With a lineup of highly anticipated EVs debuting over the next year or so, the automaker hopes to mimic its success.
The first to debut will be the Ram Promaster BEV, with Amazon as its first fleet customer, as it looks to take on Ford’s E-Transit electric van. Ram’s commercial electric van will be unveiled in the first half of 2023, with deliveries expected to begin in the second half of the year.
Ram has already revealed its first electric truck, the Ram 1500 REV pickup. After opening reservations earlier this month, Ram closed reservations after five days, saying it has reached max capacity.
The all-electric Ram 1500 REV will arrive in the fourth quarter of 2024, according to Stellantis.
Jeep is another Stellantis brand in the midst of an electric transformation after revealing all electric Recon and Wagoneer “S” models, which will be opened for reservations in North America this year.
Tavares says, “We now have the technology, the products, the raw materials, and full battery ecosystem” to lead its North American EV rollout.
Electrek’s Take
Stellantis has the pieces to put together an EV offensive in North America. However, as others have found, the aim will be a careful strategic approach.
I’m sure you’ve heard the saying, “first impressions are most important,” and this is especially true for automakers looking to change their identity in the new electric era. Stellantis has the brand awareness with Ram and Jeep to pull it off. It will come down to execution.
Meanwhile, Stellantis will still need to move with a sense of urgency as other automakers – legacy and start-up – are looking for their own piece of the North American EV market.
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All-electric aircraft developer BETA Technologies has shared another important milestone in bringing its first two vessels to market. Most recently, BETA’s founder, CEO, and test pilot Kyle Clark took the production version of its ALIA eCTOL up for its first flight, as seen in the video below.
BETA Technologies is a fully integrated electric aircraft and systems developer based in Vermont. Three years ago, it debuted its first electric vertical takeoff and landing (eVTOL) aircraft, the ALIA–250. That BETA vessel has since been renamed the ALIA VTOL and completed a piloted test flight transitioning mid-air this past April.
In addition to the ALIA VTOL, BETA has also been developing an electric conventional takeoff and landing (eCTOL) plane called the ALIA CTOL. To date, it has flown tens of thousands of test miles en route to evaluation flights for FAA certification. That aircraft is targeting full approval for commercial operations by 2025.
As BETA moves closer to bringing the ALIA CTOL to the public, it has completed its first bonafide production build in South Burlington. Following a Special Airworthiness Certificate from the Federal Aviation Administration (FAA), BETA has successfully taken its production-ready ALIA CTOL up for a test flight, piloted by its founder and CEO.
Watch BETA’s founder complete a CTOL test flight
BETA Technologies shared details of its first successful production CTOL test flight today alongside the images above and the full video below.
Once the production-intent build of the ALIA CTOL was complete, the FAA inspected the aircraft for safety and compliance before granting BETA a Multipurpose Special Airworthiness Certificate for Experimental Research & Development, Market Survey, and Crew Training, signing-off approval for test flights.
On November 13, BETA CEO, founder, and test pilot Kyle Clark conducted the first test flight of the ALIA CTOL aircraft, which lasted nearly an hour. The test included a conventional runway takeoff before the aircraft climbed to 7,000 feet.
While in the air, Clark tested the aircraft’s handling qualities, stability, control test points, and initial airspeed expansion before completing several approaches ahead of a normal landing. Clark spoke following the successful flight:
This start of our production CX300 flight test campaign is a result of years of hard work and focus on studying customer requirements, hard engineering, manufacturing, production, quality and test. It represents a significant milestone for BETA, and is the beginning of an exciting new phase for the business. With this, we’re one step closer to putting this technology into the hands of our customers.
We learned a lot from this first production build. We weren’t just building an aircraft company, we were building and refining a system to build high quality aircraft efficiently. This first build allowed the team to collect data and insight on manufacturing labor, tooling design, processes, yields and sequences, all of which are being used to refine our production systems.
With its production test flight campaign now underway, BETA says it will continue testing the ALIA CTOL aircraft for the standard 50 hours required before qualifying for a Market Survey and Crew Training certificate. That next certificate will enable BETA to fly outside of Burlington and Plattsburgh and continue training additional pilots on the aircraft.
The company shared it will also continue production of additional aircraft, including ALIA CTOL and ALIA VTOL configurations, the latter of which was recently teased in October. You can view footage of BETA’s CTOL flight below.
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Crude oil futures rose slightly on Thursday, with the U.S. benchmark trading around $69 per barrel, though the market outlook remains bearish.
Global crude supplies are expected to outstrip demand by more than 1 million barrels per day next year led by robust growth in the U.S., according to the International Energy Agency’s monthly market report.
Here are today’s energy prices by 8:07 a.m. ET:
West Texas Intermediate December contract: $68.92 per barrel, up 49 cents, or 0.7%. Year to date, U.S. crude oil is down more than 3%.
Brent January contract: $72.78 per barrel, up 50 cents, or 0.7%. Year to date, the global benchmark is down more than 5%.
RBOB Gasoline December contract: $1.9711 per gallon, up 0.3%. Year to date, gasoline has fallen nearly 6%.
Natural Gas December contract: $2.966 per thousand cubic feet, down 0.6%. Year to date, gas has gained nearly 18%.
UBS slashed its price forecast for global benchmark Brent to $80 per barrel from $87 previously on weakening demand in China, the world’s largest crude importer.
OPEC on Tuesday cut its demand growth forecast for the fourth month in a row earlier this week.
U.S. crude oil has shed about 4% and Brent is down 3.5% since Donald Trump won the U.S. presidential as the dollar has surged. A stronger U.S. dollar can depress oil demand among buyers that hold other currencies.
Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Click here to learn more.
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