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“This Is the Wrong Product”: EV Executive Admits Electric Pickup Trucks Don’t Make Money

“This Is the Wrong Product”: EV Executive Admits Electric Pickup Trucks Don’t Make Money

by The Liberty Daily
July 31, 2024
in Aggregated, Opinions

  • Former White House Advisor: “Trump to Release $150 Trillion Endowment”


The CEO of an electric vehicle (EV) company does not believe that electric pickup trucks are currently a viable product, he told Axios in an interview.

Peter Rawlinson, CEO of luxury EV producer Lucid Motors, told Axios that he believes internal combustion engines, and not batteries, are the only realistic option for pickup trucks. Other major auto manufacturers — such as Ford, Chevrolet and Tesla — are selling electric pickups, but Rawlinson says that they are currently too inefficient to make sense for most consumers.

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“I believe that the only viable solution for an affordable, usable pickup truck today is internal combustion,” Rawlinson told Axios. “This is the wrong product, and so we’re seeing that companies are not making a viable profit by trying to make an electric pickup truck.” […]

– Read More: thelibertydaily.com

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