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Fiat CEO says new 500e is 'right tool' for big-city drivers. Can this small EV compete?

Luke Ramseth, The Detroit News on

Published in Automotive News

The little Fiat 500e — Stellantis NV’s first foray into the U.S. electric vehicle market — is by no means a Swiss Army knife of a car, the brand’s CEO Olivier François says.

“It’s really the right tool for the job,” he told The Detroit News this week, “and the job is urban mobility, and making urban mobility as ethical as you can.”

François said that means the 500e is for someone who lives in a big city, like New York or Miami. It’s for someone who probably owns a gas-powered car, too, but has at least a little “environmental sensitivity” and is perhaps “tempted by electric but not yet convinced.”

The CEO said it’s for someone not unlike himself.

“I live in Miami,” he said. “I have a big SUV combustion car. I feel terribly guilty driving it through the city, and you know, plus it’s a gas guzzler, I need to put fuel in it all the time.” He likes the SUV when it comes to driving the kids to Disney World — “but most of the time, that’s not what I need.”

The car has sold well in Europe, at almost 65,000 units last year. A first trim for U.S. customers, the (500e) RED, started production at the Mirafiori Assembly Plant in Turin, Italy, earlier this year, with the company saying the first units will hit dealership lots by the end of the month.

 

This week, Fiat unveiled two additional 500e trims, “Inspired By Beauty” and “Inspired By Music,” at a climate conference in Miami. They are set to hit dealers in the third quarter. The beauty trim has a rose gold exterior, beige eco-leather seats, and is “a little more feminine” overall, François said.

The music iteration comes in black, has high-end JBL speakers, and is like a “baby limo,” the CEO said. Fiat partnered with Italian tenor Andre Bocelli on the car and sound system, including on its ability to virtually transport listeners to several music venues.

The RED edition starts at $32,500, and the “Inspired By” variants start at $36,000 — prices that don’t include $1,595 destination charges. They have 149 miles of range and come with either a Level 2 charging unit or credits through the Free2Move network of charging stations.

Overall Fiat sales in the U.S. have declined rapidly in recent years. Since returning to the U.S. market in 2011, the brand has sold at the high end more than 40,000 cars about a decade ago, but that figure had plummeted to about 900 in 2022, and about 600 last year.

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