Stellantis CEO says will adapt to U.S. market under Trump

RENNES, France (Reuters) – Stellantis (NYSE:STLA)’ will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric, hybrid or gasoline versions of its models.

President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters last week.

Ending the tax credit could have grave implications for an already stalling U.S. EV transition.

Speaking during a visit to a plant in western France, Tavares said Stellantis, one of the top three car makers in the U.S., needed to see what decisions Trump would take, but that it could adapt to different conditions in different regions.

The company will present its “multi-energy” base platform for pick-up trucks in the U.S. market this week, added Tavares.

“Our mission is simple: to provide clean, safe and affordable mobility. And we will do so in a way that meets the expectations of the communities and countries in which we operate,” he told reporters.