Stellantis stopped its plan to sell only electric vehicles by 2030

In January 2024, Stellantis — the company that owns Jeep, Ram, Chrysler, Dodge, Fiat, and Peugeot — announced it was backing away from its earlier commitment to phase out gasoline and diesel engines entirely by 2030. Instead, the company said it would continue selling gas-powered vehicles alongside electric ones for longer than originally planned. This shift affects what kinds of cars the company will make, how much it will spend on electric vehicle development, and what options you'll have when you're ready to buy.

The decision reflects real pressure Stellantis faced: electric vehicles cost more to build than gas cars, battery prices have not fallen as fast as the industry expected, and customers in many regions have been slower to switch to electric than automakers predicted. Stellantis also cited high interest rates and inflation as factors that made consumers hesitant to buy the more expensive electric models.

Key Takeaways

  • Stellantis will continue making gas and diesel vehicles longer than it originally said, meaning more traditional engine options will remain available in its lineup.
  • The company is slowing its spending on new electric vehicle factories and technology, which may delay when new electric models reach the market.
  • This change does not mean Stellantis is abandoning electric vehicles — it is still developing them, just on a slower timeline.
  • If you are considering an electric vehicle from a Stellantis brand, the selection may grow more slowly than the company previously promised.
  • Gas-powered vehicles from Jeep, Ram, Chrysler, and Dodge will remain part of the company's plans for at least the next several years.

Why Stellantis changed its timeline

Stellantis made this decision because the real-world conditions for selling electric vehicles turned out to be harder than the company expected. Battery costs, which were supposed to drop sharply, have fallen more slowly than forecasts predicted. At the same time, the price of raw materials like lithium and cobalt — which go into batteries — has stayed high, making electric vehicles expensive to manufacture.

Consumer demand also moved slower than anticipated. In many parts of North America and Europe, buyers have been reluctant to pay the premium price for an electric vehicle, especially when gas prices are lower and charging infrastructure is still being built out. Higher interest rates in 2023 and 2024 made car loans more expensive, which pushed more buyers toward cheaper gas-powered vehicles.

Stellantis also faced competition from other automakers and from Tesla, which has cut prices aggressively to maintain market share. The company decided that continuing to invest heavily in an all-electric transition by 2030 would strain its finances without guaranteeing sales.

What this means for Stellantis brands and their vehicle lineups

Stellantis owns a wide range of brands, each with its own customer base and market position. Jeep, known for off-road vehicles, will continue offering gas and diesel engines in its SUVs and trucks. Ram, which makes pickup trucks, will keep its traditional engine options. Chrysler, Dodge, and Fiat will also maintain gas-powered models longer than originally planned.

The company is not canceling electric vehicle development entirely. It is spreading the timeline out and being more selective about which models get electric versions. This means some Stellantis vehicles will get electric alternatives, but not all of them, and not as quickly as the company once promised.

For buyers, this means the gas and diesel vehicles you see on dealer lots today will likely still be available in a few years. If you were waiting for a specific Stellantis brand to go fully electric, that shift will take longer than the company's 2030 target suggested.

How this affects the broader electric vehicle market

Stellantis is one of the world's largest automakers by sales volume. When a company this size slows its electric vehicle plans, it sends a signal to the rest of the industry. Other automakers have also recently adjusted their timelines — Ford, General Motors, and Volkswagen have all extended their plans to phase out gas engines or slowed their electric vehicle spending.

This slowdown does not mean the electric vehicle market is shrinking. Sales of electric vehicles continue to grow in most developed countries. But the pace of growth is slower than many automakers predicted, and the transition is taking longer. This gives gas-powered vehicles a longer lifespan in the market than seemed likely just two or three years ago.

For the charging infrastructure that supports electric vehicles, a slower transition means fewer new charging stations may be built in some areas, and existing networks may expand more gradually. This can affect where electric vehicles are practical to own and use.

What happens to Stellantis electric vehicle models already in production

Stellantis has already launched some electric vehicles, including the Jeep Wagoneer S, the Ram 1500 Revolution, and the Chrysler Pacifica plug-in hybrid. These models will continue to be sold and developed. The company is not pulling them off the market or abandoning them.

What is changing is the pace and scope of new electric model launches. Stellantis will introduce new electric vehicles more slowly than it originally planned, and it will be more cautious about which segments of the market it targets with electric options. This means you may see fewer new electric choices from Stellantis brands over the next few years than you would have under the old plan.

How this decision affects used car and resale value

If you own a gas-powered Stellantis vehicle or are thinking about buying one used, this news is generally positive for resale value. When automakers commit to phasing out gas engines quickly, used gas vehicles can lose value faster because buyers worry about their long-term usefulness. A longer timeline for gas vehicles means the market for used gas-powered Jeeps, Rams, and Chryslers will likely remain stable for several more years.

For electric vehicle owners, the slower rollout of new models means the used electric vehicle market may not become as flooded with newer, cheaper options as quickly as it would have under the original plan. This can help used electric vehicles hold their value better.

What to consider if you're shopping for a car now

If you are in the market for a new or used vehicle from a Stellantis brand, this change gives you more options to consider. Gas-powered vehicles will remain available and supported for longer, which means you can buy with confidence that parts, service, and fuel will be straightforward to find for years to come.

If you are interested in an electric vehicle from one of these brands, you should research what models are currently available and when new ones are expected. The company's website and dealer websites will have the most current information about what is coming and when. Keep in mind that timelines can shift again as market conditions change.

For buyers who are undecided between gas and electric, this slower transition means you have more time to wait and see how the technology develops, how charging networks expand, and how prices change. There is no rush to switch to electric if you are not ready.

Frequently Asked Questions

Does this mean Stellantis is giving up on electric vehicles?

No. Stellantis is still developing and selling electric vehicles. The company is straightforward extending the timeline and being more selective about which models get electric versions. It is a slowdown, not a cancellation.

Will my current Stellantis gas vehicle become harder to service or find parts for?

Not in the near term. Stellantis will continue supporting gas-powered vehicles for several more years, and dealers will stock parts and offer service for existing models. As the transition happens over time, service may become less convenient, but that is years away.

Should I buy an electric vehicle from Stellantis now or wait?

That depends on your needs and budget. If you need a vehicle now and an electric model meets your driving habits, buying now is reasonable. If you are flexible on timing, waiting may give you more model choices and potentially better prices as competition increases.

How does this affect other automakers' electric vehicle plans?

Several other large automakers have also adjusted their timelines recently, citing similar challenges with battery costs and consumer demand. The overall shift in the industry is toward a slower, more gradual transition to electric vehicles than was planned a few years ago.

Will gas prices or charging infrastructure change because of this decision?

Stellantis's decision will not directly affect gas prices, which are set by global oil markets. It may affect how quickly charging networks expand in some areas, since slower electric vehicle adoption means less urgency to build charging stations everywhere.