Demand for these battery-powered vehicles was weak even before the coronavirus pandemic shut down the world -- only accounting for 1.44% of U.S. auto sales in 2019.
"Given the current environment, Lincoln and Rivian have decided not to pursue the development of a fully electric vehicle based on Rivian's skateboard platform," Ford, which owns luxury brand Lincoln, said in a statement."Our strategic commitment to Lincoln, Rivian and electrification remains unchanged and Lincoln's future plans will include an all-electric vehicle consistent with its Quiet Flight DNA."Mustang Mach-E all-electric SUVThe Ford Motor Co.
Even if consumers' appetite for EVs changes in the near future, few automakers are in a position to take on industry leader Tesla. More than 192,200 Teslas were sold in the U.S. in 2019, with the company's Model 3 sedan the most popular -- and cheapest -- model preferred by buyers. Sales of Chevrolet's Bolt totaled 16,418 units in 2019, followed by Nissan's Leaf , Audi's e-tron , BMW's i3 and Jaguar's I-PACE .Gasoline demand in the U.S. has recently ticked up 17.
"I think the horse is out of the barn. The transition to electric is happening, but the speed will be impacted by the global economics," he told ABC News."Range anxiety is decreasing because range itself is increasing. EVs will become the dominant vehicle in terms of sales in the next 10 years."
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