Shares in Stellantis (NYSE:STLA) sag Tuesday, on the automaker’s plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that’s equipped with an electric generator and a gas engine.
The truck can operate as a zero-emissions EV until its battery dies and an electric onboard generator — powered by a 27-gallon, 3.6-liter V6 engine — kicks on to power the vehicle.
The outcome is a truck with the benefits of an EV, such as fast acceleration and some zero-emissions driving, without the range anxiety synonymous with most current electric vehicles, according to Ram CEO Tim Kuniskis.
“This is the ultimate answer for the battery-electric truck. No one else has got anything else like it,” Kuniskis told reporters during an event. “This is going to be a game changer for battery-electric trucks.”
The 2025 Ram 1500 Ramcharger is expected to go on sale in late 2024 alongside a previously revealed all-electric Ram 1500 truck without a gas-powered engine or range-extending electric generator.
Stellantis estimates the range of the Ramcharger to be up to 690 miles, including up to 145 miles powered by a 92-kilowatt-hour battery when fully charged without the extended-range power from the gas engine and 130 kilowatt electric generator.
STLA shares lost 26 cents, or 1.4%, to $19.28.