Car giant Stellantis, which includes many major brands from Opel to Peugeot, Fiat to Citroen, made important statements about the state of affairs in the sector. CEO Carlos Tavares said that the car industryto surviveHe stated that he had gone into “” mode.

Currently there is mainly interest in electric cars at question points. This is affecting sales for many brands, causing them to postpone their goal of going fully electric. In addition, governments are putting pressure on brands to sell electricity, but reducing incentives. This situation obviously has serious negative consequences for companies.

Declines in electric vehicle sales, new emissions regulations and more impact businesses

In his statement on these issues, Stellantis CEO stated that the sector is not in a good situation and has gone into a kind of survival mode. Tavares, Government Purchases reduced stimulistated that this also outperformed the market. The full statement reads as follows:

In addition to the decline in sales and demand for electric vehicles, there is something else that will affect companies. That is the EU New emissions rules coming into effect in 2025With these rules, the average emission level of fleets should be 116 g/km. up to 94 g/km will fall. The fine of 95 euros per gram will remain. According to the information received, most companies are not ready for these rules. Next year with billions of dollars in fines We see them meet each other.

In short: things are not going well for car companies at the moment. Let us also take into account that the EU is aiming to ban combustion engine vehicles and go fully electric by 2035. Time will tell what will happen in the sector.