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Ram Scraps All-Electric Pickup Truck Plans
Yahoo Financeยท2025-09-16 17:00

Group 1 - Ram has decided to abandon plans for a full-size battery-electric pickup truck due to slowing demand in North America, leading Stellantis to reassess its product strategy [1] - The Ramcharger, which features both an electric battery and a gas engine, will be renamed the Ram 1500 REV, aiming to set a new benchmark in the half-ton segment with exceptional range and towing capabilities [2] - The decision to end full battery-electric trucks coincides with the expiration of the federal tax incentive for electric vehicle purchases, which is set to end on September 30 [3] Group 2 - General Motors anticipates short-term negative effects from the ending of EV incentives, despite reporting record EV sales in August and expecting strong demand in September [4][5] - GM expresses confidence in its ability to grow EV market share, highlighting its diverse portfolio that includes affordable and luxury EVs [6] - The outlook for the EV market among dealers has reached a record low in the third quarter, indicating potential challenges ahead [6]