Ram Cancels All-Electric Pickup Truck Plan Citing Slowing Demand

The decision by Stellantis comes as the $7,500 federal tax credit for EV buyers is scheduled to end this month.

The Ram 1500 Revolution electric battery-powered pickup truck is displayed on stage during an event in Las Vegas, Nevada, on Jan. 5, 2023. John Locher/AP Photo

Ram has abandoned plans to launch an electric pickup truck, according to a Sept. 12 statement from Stellantis.

“As demand for full-size battery-electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size [battery-electric] pickup,” the company said.