New electric truck competitor coming
The next time you might be considering an F-150, Silverado or Ram pickup, Lordstown Motors CEO Steve Burns wants you to know something.
“If you’re stuck in the mud next to a traditional pickup, we’ll come out first,” Burns said of the all-electric Endurance pickup that his company will start selling next year.
Some might say “them’s fightin’ words” in the truck wars. But it’s not only getting out of the mud that Burns bets the Endurance can do first.
He plans to dominate the all-electric pickup market segment for years even though he is taking on big guns Ford Motor Co. and General Motors, who both plan to offer all-electric pickups in the future and who currently sell the No. 1 and No. 2 best-selling pickups in the nation, respectively.
“It’s a very difficult business to break into and it’s been dominated by names that have been here for a long time,” Burns said in an interview with the Free Press. “But you don’t see anybody dedicated exclusively to light-duty all-electric trucks and we will be dedicated to it.” that gigantic segment.
“You don’t create need, there is a demand for this,” Burns said. “We will be the first electric work truck and nobody will have that for years.”
Indeed, GM and Ford plans for electric pickups are further out. Currently, Lordstown Motors is rushing to retool its facility near Youngstown, Ohio, to build 30 pre-production Endurance pickups by December and start building 20,000 production models in 2021.
“It’s very rare in the auto business to get a clear lane,” Burns said. “The No. 1 and 2 best-selling pickups in the United States don’t offer an all-electric pickup.”
When they do offer it, Burns said, they risk cannibalizing sales of their internal combustion engine pickups by touting a greener, less costly-to-own alternative.
“We don’t have any legacy to protect,” Burns said. “We’re all dedicated to one mission and when you’re dedicated, you’re able to get there first.”
Separately, Ford and other electric truck maker, Rivian, put their plans on ice to jointly develop a Lincoln-brand electric vehicle in April. Ford said the current economy has created new and unexpected challenges, so this particular project is postponed.
The Rivian R1T pickup will get more than 400 miles of driving range and acceleration times comparable with those of a supercar, reports say. It’s expected to enter production as the 2021 R1T.
Burns insists the Endurance will match, even outperform, a traditional gasoline pickup in every way.
“We expect it to be extremely rough and rugged, but it’s silent and fast. It’s strong enough to tow, but if you’re not towing it’s very fast,” Burns said, adding it can go from zero to 60 mph in 5.5 seconds.
And it can get out of a jam, such as the mud, because it has a precise, computer-controlled motor built into each wheel. The software slows down the wheels, preventing slippage, giving the vehicle better traction than a traditional pickup, Burns said.
Lordstown Motors is targeting fleet customers because those buyers are known to consider the “all-in cost” to buy it, fuel it and maintain it, Burns said.
The Endurance, built using components licensed from electric-truck maker Workhorse near Cincinnati, is priced at $52,500 and it’s eligible for the $7,500 instant tax rebate. The Ford F-150 and Chevy Silverado both start around $28,500 and can go up to $55,000 or more for top trim levels.
But with the Endurance, Burns said, there are no gasoline costs, in fact it is the equivalent to 75 miles per gallon. It is almost maintenance-free, too, with no big engine or moving parts to break on it. It is a light-weight, all-wheel-drive vehicle. Four in-wheel computerized motors propel it. If a front right in-wheel motor malfunctions, the front left wheel’s motor will turn off automatically, allowing the driver to get home using rear-wheel drive, Burns said.
“So a typical gasoline drive-train has well over 1,000 parts. When you look at it that way it’s very prehistoric, it’s essentially a Model T,” Burns said. “We have four moving parts. It looks like a pickup truck on the outside, but underneath it’s electric vehicle 2.0.”
And with no engine in the front, pickup drivers finally have what Burns calls, “a frunk – a front trunk.”
The Endurance gets about 250 miles per charge, plenty for the average fleet driver who travels within a 60-mile area per day, Burns said.
As to how Lordstown Motors will go to market, Burns is still figuring that out. It could follow the traditional franchised dealer model, or sell it directly to consumers similar to the Tesla model.
“We thought we’d roll out our own dealer network, but we’re in discussions with people who have a national footprint and facilities that could service this vehicle,” Burns said. “That might be a route we take.”