Automaker Stellantis is a little late to the global electric vehicle party is promising to catch up and pass its competitors.
By 2025, 98% of its models in North America and Europe will have electric versions, according to Carlos Tavares, chief executive officer of the company that combined Fiat Chrysler and Peugeot.
Tavares said Stellantis is developing four electric vehicle platforms with ranges from 311 miles to 497 miles.
The models include a fully electric Ram pickup and Jeep Grand Cherokee, as well as small cars. There even will be an electric Dodge muscle car. The company says it will use its electric commercial vehicle expertise from Europe to build EV models worldwide.
Tavares says Stellantis will spend $35.6 billion or more over the next five years on EVs and will build five battery factories in the United States and Europe.
Stellantis says the Opel brand will go fully electric in Europe by 2028, with 100% of its vehicles in China being electric. It will bring back the Manta sports car with a fully electric version by the middle of the decade.