Vauxhall owner Stellantis takes a pop at UK Govt EV mandate
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Stellantis NV, owner of Vauxhall, criticized the UK government's 2024 EV sales mandate but still met the requirements. The company announced the closure of its Luton factory while reporting a 59% increase in EV sales, making it the UK's top electric van seller in 2024.
January 10, 2025 | 9:30 am
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POSITIVE IMPACT
Stellantis NV met the UK government's 2024 EV sales mandate despite criticizing the policy and closing its Luton factory. The company saw a 59% increase in EV sales, becoming the UK's top electric van seller.
Stellantis NV's ability to meet the UK EV mandate and report a significant increase in sales is positive for its stock. The closure of the Luton factory may have negative implications, but the strong sales performance and market leadership in electric vans are likely to outweigh this in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100