FIAT ELECTRIC CARS
Fiat is a Fiat Chrysler Automobiles (FCA) brand and follows the broader strategy of the Group. FCA brands include Maserati, Jeep, Fiat, RAM, and Dodge. FCA’s CEO Sergio Marchionne has publicly stated that he does not believe electric vehicles is a threat to the old way of business, and the company strategy does not include going down that road. FCA is pursuing partnerships rather than going it alone, in part due to financial challenges experienced by the Group which does not allow for huge investments in R&D programs.
FIAT EV MODELS
FIAT EV SALES
Go to our detailed breakdown of Global EV Sales to see how FIAT electric cars fare to its competitors in the fast-growing EV market.
FIAT ELECTRIC VEHICLES IN THE NEWS
2017 Week 13 - Sergio Marchionne is warming to electric vehicles
With the run-up to the Formula E to be held in Mexico City today, Ferrari came out in support of the event. FIA’s Auto magazine quoted the CEO of FIAT Chrysler, one of the auto industries biggest naysayers of EV’s, Sergio Marchionne as follows in an interview:
“The first is that we need to be involved in Formula E because electrification via hybridization is going to be part of our future.”
“We have already developed a hybrid supercar, La Ferrari,” he said, “and on future Ferrari models we will leverage new technologies as well as electrification.”
And this from a man that came out vehemently against the technology, saying it will never catch on. No mention was made about plans for the electrification of Alpha Romeo.
2017 Week 7 - Forecast for EV sales adjusted significantly upwards, Fiat Chrysler strategy not geared
The respected Economist Magazine this week commented on forecast adjustments by various investment houses for the penetration of electric vehicles. Up till last year the consensus was that only 4% of new vehicles would be electric by 2025. BNP Paribas now forecast 11% penetration by 2025, while Morgan Stanley see’s a 7% penetration. In 2016 international EV sales increased with nearly 750,000 units (42%) in spite of a low fuel price environment. One factor driving the change of heart are aggressive regulations to support environmental targets. In Norway electric vehicles now makes up 37% of new vehicle fleet amid government support while in China the Government aims to have EV’s make up 8% of new vehicles by 2018. Technology has also moved much faster than anticipated and battery cost, a long time stumbling block is coming down faster than anticipated, with some mega factories coming online within the next two years. Our hearts go out to the automakers that failed to notice the trend, RIP Fiat, Toyota, Honda, Hyundai, and the list goes on, not to mention Big Oil.
2017 Week 3 - Fiat Chrysler branded for just doing enough to comply on regulations
A report just released by the Californian Air Resouces Board indicated that advancement in electric vehicle technology is happening at a much faster pace than anticipated five years back. The report highlights the efforts by Tesla and Chevrolet to bring affordable and long range vehicles to the market. The report found expanding charging networks, advancements in battery performance, decreasing cell costs, and the number of models available to the consumer as factors for the improved results. On the other hand, the Board states that not all automakers attack the challenges with the same vigor, with Honda and Fiat Chrysler named as company’s that just do the bare minimum to comply with regulations. We predict this will reflect in the various companies share prices five years from now when the next report take the pulse of the sector.
2017 Week 2 - Fiat Chrysler on notice for cheating on its emmission tests.
Another one bites the dust as the Environmental Protection Agency this week put Fiat Chrysler on notice for cheating on its emission tests. Diesel Gate might be the best own inflicted wound by big auto fighting electric vehicles, forcing big brands such as Volkswagen and Mitsubishi to change strategy from pushing back to embracing the technology. Now Fiat’s CEO, Sergio Marchionne, who has been a fervent EV hater might be forced out or to change his stance. In our books, it couldn’t have happened to a nicer person 🙂
2016 Week 51 - Fiat hits rock bottom in consumer survey
Tesla voted the consumers darling in the Consumer Reports Annual Owner Satisfaction Survey with 91% Tesla owners responded with a “Definitely yes” when asked if they will buy the brand again. Second with only 84% was Porsche. The bottom quartile included brands such as Jeep, Nissan, Fiat, and Volkswagen, which dropped eight places. The survey included over 300,000 vehicles. Can the States who is refusing Tesla’s direct selling model, naysayers, and auto dealers refusing to get behind electric vehicles please respond to this?
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