Tavares Confident That Stellantis Can Catch Up With Tesla

Stellantis should be able to catch up with electric vehicle pioneer Tesla in the coming years, its chief executive Carlos Tavares said on Friday, adding that competition would benefit consumers. Tavares also called for greater investment in charging networks in Europe and the United States to encourage drivers to switch to electric vehicles.

Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris
Photo Credit: REUTERS/Regis Duvignau

"I am very confident, I am trying not to be arrogant, just confident of the fact that we are going to catch up in the next couple of years with Tesla and it's going to be a very healthy competition," Tavares told reporters during a televised Q&A session with reporters organised by Mobility TV World. "Very good for the consumer by the way," he added.

A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China
Photo Credit: REUTERS/Tingshu Wang

(Reporting by Gilles Guillaume and Giulio Piovaccari; Editing by Keith Weir)

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)