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The Independent UK
The Independent UK
National
Tom Krisher

CES 2023: Stellantis preps cost cuts due to higher EV prices

Copyright 2023 The Associated Press. All rights reserved.

Stellantis CEO Carlos Tavares says his company has to work on cutting costs globally in order to keep electric vehicles affordable for the middle class.

Among the cuts are reducing the number of the automaker's factories because electric vehicles cost about 40% more than those powered by gasoline.

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