Fiat Halts Production of Electric 500e Due to Low Demand
Fiat Halts Production of Electric 500e Due to Low Demand
Fiat Halts Production of Electric 500e Due to Low Demand
News summary

Stellantis will pause production of the Fiat 500e for a month starting September 13 due to weak demand, reflecting broader struggles in the European electric vehicle (EV) market where sales have declined. This decision follows a 24% drop in Fiat 500 sales compared to last year and a decrease in EV market share to 13.5%. The lack of clear incentives and high prices for electric vehicles are contributing factors to the slowdown, prompting Fiat to develop a hybrid model, the 500 Ibrida, which is expected to be ready by 2026. Stellantis is investing €100 million ($110 million) to improve the battery and production capacity at the Mirafiori plant. The current Fiat 500e has a range of 320 kilometers (199 miles), but the transition to electric vehicles is proving slower than anticipated. The challenges faced by Fiat are indicative of a wider trend affecting many automakers as they navigate the evolving EV landscape.

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