Those deposits are refundable but we highly doubt buyers will change their minds. Of course, they will have to wait until next year for delivery. Ram has not specified when exactly in 2024. The Ram 1500 REV will face stiff competition when it arrives.
Already, the Ford F-150 Lightning is on sale, and the Chevy Silverado EV and GMC Sierra EV are also due next fall and early 2024, respectively. Demand for both has also been very strong. Also, the Tesla Cybertruck will supposedly begin production later this year but we’ll believe it when we see it.
The 1500 REV must also contend with the Rivian R1T. It’s not that Ram is too late to the EV truck game but, it should be pointed out, the F-150 Lightning and R1T are likely to receive updates in the relatively near future.