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The Cybertruck’s Death Is Actually Great News for EVs
The article argues that the Cybertruck’s demise, alongside the cancellation of Ford’s F-150 Lightning, may signal a shift away from very large electric vehicles. Smaller EVs need less battery material and can cost less, while their reduced size and weight may also benefit pedestrian and cyclist safety.
The Cybertruck’s 123-kilowatt-hour battery weighs about 1,600 pounds; the Lightning’s battery capacity ranged from 98 to 131 kilowatt-hours. Automakers are developing smaller models, including Ford’s planned sub-$30,000 Fathom and Slate’s compact pickup, while Rivian’s 88-kilowatt-hour R2 is smaller than its flagship SUV. Large EVs still sell, but the article says most of the US top-selling models are crossovers, sedans or mid-sized SUVs; the average new EV transaction price is $55,800.
In short
- The Cybertruck and F-150 Lightning cancellations may mark a shift towards smaller EVs.
- Smaller batteries could help reduce vehicle costs and ease demand for battery materials.
- Large electric SUVs still sell, but many new models are smaller.