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   From: remailer@domain.invalid   
      
   It’s looking more and more like the demand for electric vehicle   
   trucks isn’t as high as automakers thought.   
      
   That’s the main takeaway from General Motors Oct. 17 decision to   
   pause production on its Chevrolet Silverado EV and GMC Sierra EV   
   truck brands. GM says it will “re-time” the $4 billion conversion of   
   its Michigan-based Orion Assembly plant, putting a stop to the   
   automaker's plan to repurpose the plant for EV truck manufacturing.   
      
   GM is saying the decision only represents a delay in its EV truck   
   line production. The Orion Assembly plant was supposed to be   
   converted to EV truck production in 2024. Now GM says it’s pushing   
   that date back to 2025 in an effort to “better manage capital   
   investments” and boost truck building improvements that would   
   attract more buyers, the company noted in a statement.   
      
   Currently, the Orion plant manufactures GM’s Chevrolet Bolt E and   
   EUV, which the company is shelving by the end of this year.   
      
   The decision to pause GM’s EV trucks comes only a week after rival   
   Ford Motor indicated it would pull one shift away from its F-150   
   Lightning EV pickup plant. The Wall Street Journal has reported that   
   Ford made the decision due to lower-than-expected demand from truck   
   buyers. An internal Ford memo indicated sales for the F-150 have   
   “tanked,” according to The Journal.   
      
   That’s not exactly a shock, as data streaming out over the past   
   several months show demand for EV trucks really is low.   
      
   In fact, of all EV lines, regular pick-up truck drivers are the   
   least likely to buy EV trucks, according to data from AutoPacific.   
   Just 12% of full-sized and 8% of mid-sized pickup buyers tracked by   
   AutoPacific say they’re “interested in purchasing an EV truck, as   
   reported by Heat Map.   
      
   That shouldn’t be a surprise to automakers, the report notes.   
      
   Pickup truck buyers are typically the most engrained in their roots   
   and opinions when it comes to straying too far from the normal   
   pickup truck DNA,” AutoPacific product and consumer insights analyst   
   Robby DeGraff stated. “Demand for ICE (gas/diesel powered) pickups   
   will never fade and it rages on in popularity, but that type of   
   demand isn’t and likely won’t ever be mirrored for EV pickups.”   
      
   General Motors stock is trading at $29.82 on Oct. 18, and share   
   prices are down by 11.36% for the year. Ford stock shares are   
   trading at $11.36, up 1.97% on a year-to-date basis.   
      
   https://www.msn.com/en-us/money/companies/general-motors-pulls-the-   
   plug-on-new-electric-truck-line/ar-AA1iru3D   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)