Stellantis is aiming to move 400,000 hybrid and electric vehicles by the end of 2021 – or nearly three times the 139,000 units it sold in 2020.
The statement comes from Stellantis Chairman John Elkann, who said so in a letter to the group’s main shareholder Exor, per Reuters.
The jump in sales of electrified vehicles will come with the help of 11 new models, Elkann said in the letter.
The shift will be important for a number of reasons. The FCA part of the group bought more than $362 million worth of CO2 credits last year in Europe alone. Indeed, the company committed to spending about $2 billion in credits between 2019 and 2021.
Read More: FCA Bought $362 Million Worth Of CO2 Credits In Europe Last Year, Mostly From Tesla
Sales figures from 2020 signal that sales of electrified vehicles are growing. Although sales in the market fell 20 percent in 2020, those of electrified vehicles grew by 67 percent in that same period and make up 13.6 percent of total sales, up from 6.5 percent last year. As with most automakers, Stellantis has committed to offering electrified versions of its entire European lineup by 2025.
Stellantis officially formed earlier this year through the merger of Fiat Chrysler Automobiles with PSA. It is now the world’s fourth-largest automaker.
