Will US Automakers Build Affordable Electric Cars Before China Does?

There was a piece of good news about electric cars this week. Stellantis CEO Carlos Tavares said last year his company made a profit on electric cars. CNN reports that Tavares told the press after the company’s latest earnings call, “Stellatis’ strategy is very different… from the other competitors from Detroit. We’re keeping full speed on electrification.” The company reported its third straight year of record profits since the merger of Fiat Chrysler and PSA Group created the company in 2021.