While EV sales across the U.S. have slumped in recent months, Tesla, GM, Rivian and Ford are out with—-wait for it—-$100,000 electric pickup trucks.
We doubt if your typical Oklahoma farmer or rancher will be filling the dash with pliers, discarded washers and bolts and other things that slide all over, or even throwing fenceposts, empty oil cans and other gear into the pickup truck bed of the $100,000 vehicle.
Somehow, those four EV manufacturers think there’s a market for the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors GMC Hummer EV, GMC Sierra Denali andf Chevrolet Silverado. One report by CNBC indicated the electric “truck” market accounted for about 58,000 vehicles in the first half of this year.
As we indicated, EV sales have lost their spark and some manufacturers, GM and Ford, have trimmed their EV production. There’s even speculation Volkswagen might close some of its EV factories in the states. GM even took the drastic move of not participating in a major lithium battery project.
So which manufacturers have decided to back away from being so eager to take huge amounts of energy-funds from the Biden administration and scaled back their production plans?
Aston Martin, Bentley, Ford, General Motors, Honda, Jaguar Land Rover, Mercedes-Benz, Porsche, Volkswagent and Volvo.
Reports indicate that plug-in electric vehicles account for less than 10% of new vehicle sales and manufacturers will have to resume EV production in order to meet the 2026 Biden-Harris administration EPA mandate of 17%. By 2027, the EPA wants 32% of the new cars sold to be EVs, 37% by 2028, 46% a year later and 53% by 2030,