In a move to counterbalance the rising trend of large electric SUVs and trucks, auto manufacturer Stellantis (NYSE:STLA) has unveiled its compact and cost-effective electric vehicle (EV), the 2024 Fiat 500e.
What Happened: The Verge analyzed that while the American market generally prefers SUVs and trucks, the Fiat 500e might not cater to everyone. However, with significant revenue, Stellantis is well-positioned to explore the potential for compact, lightweight EVs.
The compact Fiat 500e is set to enter North American markets in early 2024. The vehicle’s smaller size and affordable price point position it as an appealing option for urban and some suburban usage.
The Fiat 500e, with a starting price of $34,095, provides a 149-mile range from its 42 kWh battery. Although the range might appear limited compared to other market EVs, it’s deemed sufficient for the target customer base and their typical usage.
The Fiat 500e uniquely includes an Acoustic Vehicle Alert System, playing a classical composition, “The Sound of 500,” which adds a touch of Italian culture. Despite its limited range and cargo capacity, the vehicle’s charm is undeniable.
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