Stellantis cancels plans to develop full-size electric Ram 1500 pickup truck due to slowing demand for electric vehicles in North America. The company had already delayed plans twice for the truck. Ram will launch an extended-range electric truck with an electric generator and gas engine next year, renamed “Ram 1500 REV.” Ram CEO Tim Kuniskis leads aggressive brand turnaround. Stellantis CEO Antonio Filosa dialing back former initiatives to re-establish profitable growth. Auto industry faces slower-than-expected electric vehicle adoption amidst Trump administration rollback of EV incentives.

Read more at CNBC: Ram cancels plans for all-electric pickup truck