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Jeep reveals Wrangler-inspired Recon EV, starting at $65,000

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Jeep reveals Wrangler-inspired Recon EV, starting at $65,000

Jeep unveiled the 2026 all‑electric Recon SUV with a $65,000 starting price, 650 hp/620 lb‑ft of torque and up to 250 miles of range, with production slated to begin early next year at Stellantis’ Toluca, Mexico plant. Priced roughly $14,000 above an entry 2025 Wrangler PHEV and nearly $27,000 above a base 2026 Wrangler—and roughly in line with the $65,200 Wagoneer S—the Recon is positioned as a premium off‑road EV but its relatively short range, the end of up to $7,500 in federal EV incentives and Stellantis’ recent pullback on EV investments could limit volume. The vehicle completes Jeep’s four‑model product push aimed at reversing a multi‑year sales decline and fits a margin‑focused turnaround strategy under CEO Bob Broderdorf, with manufacturing flexibility to shift capacity to higher‑volume gas or hybrid models if demand for EVs softens.

Analysis

Jeep unveiled the 2026 all-electric Recon with a $65,000 starting price, combined electric output of 650 horsepower and 620 lb-ft of torque, and up to 250 miles of range, with production slated to begin early next year at Stellantis’ Toluca, Mexico assembly plant. The vehicle preserves Wrangler-style features such as removable doors and a rear spare tire, positioning the Recon as a premium off-road EV rather than a volume value play. The Recon’s pricing is roughly $14,000 above an entry-level 2025 Wrangler PHEV and nearly $27,000 above a base 2026 Wrangler while matching the $65,200 Wagoneer S (which offers 294 miles), creating a clear trade-off between power/brand attributes and a shorter stated range. That trade-off is compounded by the industry headwind from the end of up to $7,500 federal EV incentives and Stellantis’ recent pullback on EV investments, factors Jeep management acknowledges will pressure sales volumes. Management frames the Recon as a margin-focused “bookend” to the Wagoneer S and the last of four model reveals intended to aid a turnaround after a 40% decline in U.S. unit sales from the 2018 peak (973,000) to under 590,000 last year; Jeep’s YTD sales through Q3 rose less than 0.5% year-over-year and U.S. share has fallen from 5.4% in 2019 to 3.7% since 2024. The Toluca plant’s flexibility to reallocate production to higher-volume Compass and Cherokee models and CEO Bob Broderdorf’s comments about prioritizing healthy margins suggest Stellantis will limit ramp risk, but Recon’s short range and premium price make material volume upside uncertain absent incentive or range improvements.