I can't see the Lowes page right now, but Home Depot is a comparable retailer, and a store near me (but not the one I usually go to) looks to stock a couple of absolutely bottom-tier corded 3/8" drills, plus a broad range of light and medium corded hammer drills with 1/2" chucks. The broad niche between those, of general-purpose 3/8" and 1/2" light and medium drill/driver tools and impact drivers, looks to be pretty universally filled by cordless tools. (Which makes sense, given the razor-and-blades or inkjet-and-cartridges business model to which battery-powered tools lend themselves.)
I wonder if corded drills might be more common in the UK because your higher mains voltage means less current is required for a given power output. With conversion losses, you can't realistically pull more than a horsepower out of a typical 120V/10A circuit without risking a breaker trip, even if there's nothing else connected to the circuit. That makes a corded tool potentially much more of a pain to use than a battery-powered one, so even if the corded version would otherwise be much more cost-efficient, it still may be a tougher sell in the US.
I've heard the same power limitation described as a reason why electric kettles basically don't exist here, although since kitchen circuits are typically rated for higher current than most others, I suspect the absence of good electric kettles may have more to do with steeped tea having been displaced by drip coffee in Americans' morning cups.