Stellantis N.V. (NYSE:STLA) is rapidly responding to the rising demand for hybrid vehicles in Europe by planning to offer 30 hybrid models this year, with six more set to launch by 2026.
These hybrids aim to provide significant CO2 emissions cut and offering a more affordable alternative to fully electric and plug-in hybrid vehicles.
Stellantis saw a 41% increase in sales of EU30 hybrid models from January to May 2024 compared to the same period in 2023.
The company said it leads sales of low-emission vehicles in the EU30 for the A and B segments, as well as light commercial vehicles, and expects further growth with new model launches.
“This technology not only enhances the efficiency and performance of traditional combustion engines, it also ...