Stallantis' (STLA) Jeep brand adds cheaper plug-in hybrid to 4xe lineup
Stellantis NYSE: STLA) owned Jeep revealed their 2024 Wrangler portfolio at the New York International Auto Show on Wednesday. The list included a collection of off-roaders with new capabilities and features, including another plug-in hybrid electric vehicle (PHEV).
Jeep that said it will add the 2024 Jeep Wrangler Sport S 4xe to its lineup, an entry level plug-in hybrid that could help maintain its top PHEV sales spot.
PHEVs are a part of Stellantis’ strategic plan to boost sales of electrified vehicles and cut its global footprint 50% by the end of the decade. Stellantis has said by the end of 2025, the entire North American Jeep brand lineup will be electrified. By 2030, 50% of Jeep brand sales in the United States will be battery-electric vehicles and 100% of Jeep vehicles in Europe will be fully electric.
The 2024 Jeep Wrangler Sport S 4xe is the lightest in the lineup with a curb weight of 5,049 pounds, and comes equipped with a 2.0-liter inline four-cylinder engine with an eTorque belt-start generator/motor and integrated transmission traction motor producing 375-horsepower and 470-pound-feet of torque. The Sport S will have 21 miles of all-electric range and 49 MPGe.
In all, Jeep will offer five 4xe trims: the Sport S, Willys, Sahara, Rubicon and High Altitude. While Jeep didn’t release any pricing information yet on any of the trims, the brand has said that the Sport S will be the entry level 4xe option. In 2023, the cheapest 4xe was the Willys with a base price of $54,735.
The company said that ordering is open now and vehicles will start to arrive in U.S. Jeep dealerships later in 2023.
Shares of STLA are down 2.25% in afternoon trading on Wednesday.
By Michael Elkins | [email protected]