If gas wasn't so cheap, more likely the price of trucks would come down to compensate and the same number of units would roll off the lot. GM makes nearly $20,000 in profit on the sale of a truck. For comparison, a Chevy Trax barely sells for $20,000 out the door. The margins on trucks are huge.

It's a tough situation for buyers. I'd rather have a car 90% of the time, for a lot of reasons, but I legitimately need a truck 10% of the time. A car cannot become a poor truck, but a truck can become a poor car, and so the truck wins.

Another way to say that would be 'demand is not artificially constrained by expensive gas.' People want trucks, and the price of gas is not making them change their mind. The electric F150 will probably be sold out at MSRP for years