Stellantis has set out plans to reach carbon net zero emissions by 2038 as part of the brand’s new ‘Dare Forward 2030’ strategy.
The blueprint for the coming decade will see Stellantis commit to becoming the industry champion in the fight against climate change, whilst driving employees to be ‘second to none’ in value creation for all stakeholders.
As part of the commitment, the group will aim to reach carbon net zero by 2038, achieving a 50% reduction by 2030. As well as this, the brand is setting the target off 100% of sales in Europe and 50% of sales in the United States to be battery electric vehicles (BEVs) by the end of this decade.
To achieve this, Stellantis will have an offering of more than 75 BEVs and global annual BEV sales of five million vehicles by 2030. It will also launch a specific U.S. product offensive of more than 25 all-new BEVs, as Stellantis looks to double net revenues to $300 billion by 2030.
The group has also set its sights on reaching global BEV sales of five million units in 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States.
Stellantis CEO Carlos Tavares said: “Dare Forward 2030 inspires us to become so much more than we’ve ever been. We are expanding our vision, breaking the limits and embracing a new mindset, one that seeks to transform all facets of mobility for the betterment of our families, communities and the societies in which we operate. Powered by our diversity, Stellantis leads the way the world moves by delivering innovative, clean, safe, and affordable mobility solutions.
“We are adding more powerful engines to our strong global operations. Operational excellence, speed of execution and a breakeven point of less than 50% of shipments will remain our hallmarks. We will double our Net Revenues by 2030 and sustain double-digit Adjusted Operating Income margins throughout the decade.
“We are proud of our rich history. It shows our grit, perseverance and agility. To this we add the mindset of entrepreneurs to deliver Dare Forward 2030.”
Tavares also revealed plans for the Jeep brand’s first-ever fully electric SUV, which will launch in early 2023, as well as a preview of the new Ram 1500 BEV pickup truck arriving in 2024.