Stellantis swallows $26 billion costs as it rethinks its EV strategy

So, here’s something that might surprise you — Stellantis, the company behind Jeep and Dodge, just took a $26 billion hit. And why? Because they're rethinking their entire electric vehicle strategy. According to Jonathan M. Gitlin from Tech, the shift away from aggressive EV plans in the U.S. has hit hard. Remember when everyone was betting on a rapid EV rollout? The government even promised new charging stations and battery factories. But here’s where it gets interesting — many automakers, including Stellantis, are finding that the market isn’t quite ready. Some players, like Toyota, even lobbied to slow down standards, and car dealers have been hesitant to jump into EVs. With the recent political shifts, the push for EVs has cooled. As Gitlin points out, Stellantis is now acknowledging that their prior assumptions were overly optimistic. So what does this mean for the future? It’s a sign that the EV revolution might not be happening as fast as we thought — and that companies need to stay flexible in this shifting landscape.