Group 1 - European and American automakers are gradually withdrawing from the electric vehicle market due to changing market conditions and reduced demand for electric vehicles [3][4] - In August, U.S. electric vehicle sales reached 146,000 units, accounting for 9.9% of the automotive market share, a record high, but the elimination of federal tax credits is expected to slow future adoption [3][4] - Tesla's sales in the U.S. fell by 6.7% year-on-year in August, with its market share dropping to 38%, the lowest in eight years, despite a 5.5% decrease in vehicle prices [3] Group 2 - Honda has ceased production of the Acura ZDX, citing "market conditions," with sales of the model being below 20,000 units in North America [6][8] - Stellantis has canceled plans for the Jeep Gladiator 4xe hybrid model, indicating a shift in consumer preferences towards traditional combustion engines [10][12] - Ram has announced the halt of the REV 1500 electric pickup production due to decreased demand for full-size electric trucks, focusing instead on hybrid solutions [14][16] Group 3 - Bentley has abandoned its plan to completely phase out internal combustion engine vehicles by 2035, citing a decline in demand for luxury electric vehicles [17][20] - Ford has postponed the release of two electric vehicles until 2028 due to a significant drop in demand, while also planning to focus on more affordable electric models [21][23] - Porsche is shifting back to internal combustion engine models, delaying the launch of several electric vehicles and extending the production life of existing gasoline models [24][26][28]

Core Viewpoint - Stellantis is reassessing its product strategy due to a slowdown in demand for full-size electric trucks in the North American market, leading to the decision to halt the development of the Ram 1500 electric pickup [1] Group 1 - The company will rename its range-extended electric pickup, previously known as Ram 1500 Ramcharger, to Ram 1500 REV [1]

Core Viewpoint - Stellantis' Ram brand is canceling the development of a full-size electric Ram 1500 pickup truck due to declining demand for electric vehicles in North America [2][4]. Group 1: Product Strategy Changes - The company has reassessed its product strategy and will discontinue the full-size battery electric vehicle (BEV) pickup, which was initially expected to launch by the end of 2024 [2]. - Ram will still introduce an extended-range electric truck, now renamed from "Ramcharger" to "Ram 1500 REV," which will feature an electric generator and a gas engine, expected to launch next year [3]. Group 2: Leadership and Market Context - New Stellantis CEO Antonio Filosa is reversing some initiatives from former CEO Carlos Tavares and is committed to making tough decisions to restore profitable growth [4]. - The overall auto industry is facing slower-than-expected adoption of electric vehicles, compounded by changes in government policies affecting EV incentives [4].

Group 1 - Stellantis is discontinuing the development of a full-size battery-electric vehicle due to slowing North American demand for such trucks [2] - The Ramcharger vehicle has been renamed to the now-shelved Ram 1500 REV, indicating a shift in strategy [2] - The re-named Ramcharger will be a hybridized light-duty pickup, reflecting a transition towards hybrid technology [2]