Fiat-Chrysler Automobiles CEO Sergio Marchionne once again threw cold water on what many believe is the hot ticket to zero-emission driving: electric cars. Marchionne said there is no viable business model for electric cars and used Tesla as a prime example, according to The Street.
“We still don’t have a viable economic model for delivering an electric car,” he said. It’s unclear if Marchionne meant FCA, or the automotive industry as a whole. Despite his comment, many automakers have already committed to electrifying their vehicle portfolios in the near future—including FCA itself with Maserati.
Speaking of Tesla, Marchionne said despite Elon Musk’s “phenomenal job” at marketing his all-electric vehicles he is “unconvinced of a…economic viability of the model that he’s pitching.” Despite his criticism, he called Musk a “good friend.”
FCA has been slow to embrace electric cars and currently sells just one plug-in hybrid vehicle nationally with the Chrysler Pacifica Plug-In Hybrid. Its only battery-electric vehicle, the Fiat 500e, is sold in California as a “compliance car.” Marchionne has previously urged consumers not to buy the car because FCA loses thousands of dollars on each one sold.