They were really counting on higher priced EVs to drive revenue growth across the board but the consumer had other plans. GM’s average selling price is now over $50k (didn’t read Ford’s) so EVs fit into the revenue growth trajectory that Wall Street enjoys. The slowdown in growth of ev truck demand has probably spooked them.
They were really counting on higher priced EVs to drive revenue growth across the board but the consumer had other plans. GM’s average selling price is now over $50k (didn’t read Ford’s) so EVs fit into the revenue growth trajectory that Wall Street enjoys. The slowdown in growth of ev truck demand has probably spooked them.