Tesla’s Cybertruck has created a unique segment in the electric pickup truck market, challenging traditional automakers like Ford and GM. While Tesla leads in sales, the Cybertruck’s long-term success remains to be seen, as it faces the challenge of proving its durability and appeal against established players.
The electric pickup truck market is heating up with major players like General Motors, Ford, Tesla, and Rivian vying for dominance. While Ford currently leads the market with its F-150 Lightning, GM is entering the fray with its new Sierra EV, aiming to challenge the established players. Meanwhile, companies like Worksport are developing innovative accessories like portable energy systems and solar-powered tonneau covers that are set to further revolutionize the electric pickup landscape.
Toyota has launched a public transport pilot program in Thailand, featuring nine fully electric Hilux Revo pickup trucks modified into song-taews for public transit. The move comes as Chinese EV brands make inroads into Thailand’s automotive market, challenging the dominance of Japanese automakers. Toyota’s electric pickup trucks aim to reduce pollution in Pattaya, a major tourist city in Thailand.
If you’re looking for a vehicle that’s going to cost you a lot to fill up, Consumer Reports has put together a list of the most expensive vehicles to fill up. The list includes large SUVs and pickup trucks, with the Toyota Tundra coming in at the top of the list with a 32.2-gallon fuel tank and an estimated cost to fill up of $118. Other vehicles on the list include the Ford Expedition, Chevrolet Suburban, Nissan Armada, Infiniti QX80, Nissan Titan, Ram 1500, Cadillac Escalade, Chevrolet Silverado, and Chevrolet Tahoe.
General Motors (GM) reported a 25% increase in net income for the first quarter of 2023, despite a slight dip in overall U.S. vehicle sales. This growth was driven by strong deliveries of pickup trucks and other higher-profit vehicles. The company’s average sales price per vehicle remained stable at nearly $50,000, as pickup sales remained strong. GM’s performance exceeded Wall Street estimates, with earnings per share reaching $2.62. The company also raised its full-year net income guidance to a range of $10.1 billion to $11.5 billion. However, GM expects prices to decline by 2% to 2.5% over the full year, although no significant decline has been observed yet. Electric vehicle sales increased during the quarter, and GM is producing more of its own batteries. The company aims for a mid single-digit profit margin on EVs next year.
