Fiat’s new 2024 500e (Source: Stellantis)
Italian EV drivers are a rare breed. And Carlos Talvarez, CEO of Stellantis, said governments need to step in and do more to promote EVs in a country where EV penetration is just 4%. It is reported that there are. car news europe. Italy has some of Europe’s oldest and most polluting vehicle fleets, but it lags far behind other European countries in EV adoption and has virtually no incentive programs.
But Italy aims to change that with a $1 billion investment to encourage people to ditch petrol and diesel cars in favor of electric cars, but this has yet to materialize and is yet to be approved. It is necessary to obtain process. And Tavares said that alone won’t solve the problem.
“Italy spends far less money on supporting EVs than other big European countries,” he said. For comparison, the German government has spent a total of 9.5 billion euros under this scheme for around 2.1 million electric vehicles since 2016.
“As a result, we are losing products that could be manufactured in Italy. We have already lost nine months of production due to additional production at Mirafiori, the Turin factory in Italy that produces the Fiat 500e.
“Stellantis has been asking the Italian government for nine months to help sell EVs,” Tavares said this week. car news europe.
Meanwhile, Stellantis has received little government support for its EV, the Fiat 500 e. The Mirafiori factory has recently experienced a series of layoffs due to “low demand.”
In addition, the Italian government wants Stellantis to increase annual production in Italy from about 750,000 units last year to 1 million units. But Stellantis has asked for help to make that happen through lower energy costs and incentives to sell EVs. car news europe I will report.
On Fiat’s side, it was a tough year, producing 77,000 500e units, compared to expectations of more than 90,000 units at the beginning of 2023. Already on sale in Europe (the car you see everywhere you go), the 2024 500e EV is available to order, and will be available in the US in the first quarter of this year in his first RED trim .
The government says Italy is Europe’s oldest car nation, with at least 11 million Euro 3 cars (emissions standards set in 2001) or lower on the road. However, Italy’s Industry Ministry is considering a plan to spend 930 million euros ($1 billion) on attractive financial incentives to entice motorists to electric cars, and on February 1st is planned to be presented. This includes additional incentives. His 13,750 euros allows Italian citizens with an annual income of less than 30,000 euros to replace their old Euro 2 models (meeting the emission standards set in 1997) with new electric cars. The Italian-made EV is even better and could help Fiat turn things around.
The new scheme also aims to help low-income households buy Italian-made EVs, similar to the package offered under France’s Made in France incentive.
Meanwhile, sales are rapidly increasing in Italy, with the number of new car registrations increasing by 19% to 1.57 million last year. However, according to Electromaps, gasoline-powered cars have taken the lead, capturing more than 29% market share. During the same period, PHEV’s market share was 4.2%, while BEV’s market share was still only 3.9%.
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