Scout Motors Nears $2 Billion Plant Finish With 212,000 EV Reservations
Updated
Updated · CNBC · Nov 12
Scout Motors Nears $2 Billion Plant Finish With 212,000 EV Reservations
3 articles · Updated · CNBC · Nov 12
Summary
Scout Motors has logged about 212,000 reservations for its Terra pickup and Traveler SUV as its South Carolina factory enters the final construction phase ahead of full production next year.
85% of the plant is complete, CEO Scott Keogh said, with supporting infrastructure and a $300 million supplier park still being installed before customer deliveries begin in 2028.
87% of reservations are for extended-range electric models and 75% for SUVs, pushing Scout to plan an EREV-first launch before pure EVs and to start with mid-level trims.
Keogh said Scout could top 400,000 reservations and aims to presell 12 to 18 months of output, though the industry has seen strong EV reservation counts fail to convert into purchases.
The mix shift reflects slower-than-expected U.S. EV adoption and higher costs, prompting the Volkswagen-backed startup to add hybrid-like EREVs instead of launching as an EV-only brand.