Photo: Chevrolet | Edited
Chevrolet is lining up a killer electric vehicle range, although none of the current models can be purchased or are produced in significant numbers. The Silverado EV promised to electrify the truck segment with a starting price of $40,000. Instead, Chevrolet announced that the first version to start sales this summer is the $79,800 4WT variant of its electric work truck.
When Ford and GM announced their mainstream electric pickup trucks, they promised a $40,000 entry price. Ford almost delivered on this with its F-150 Lightning Pro work truck starting its career at $41,669. Still, several price hikes have made Ford's truck retail for $61,869, including destination charges. These moves have been closely watched by GM, whose CEO Mary Barra earlier admitted that it's impossible to sell a $40,000 EV and make a profit.
That's why it's not surprising that Chevrolet ruled out a $40,000 entry price for its electric pickup truck Silverado EV. The new estimate is that the cheapest trim would start at $50,000, but no one knows when it will be available. Instead, the 2024 Silverado EV will start sales this summer with the most expensive Work Truck variant, the 4WT. This will be exclusively offered to fleet customers at a price starting at $79,800. The Silverado EV 3WT variant will be available shortly for $74,800.
If you're wondering, the main difference between the two is the battery capacity, which is about 200 kWh for the 4WT, allowing an EPA range rating of 450 miles. The 3WT has a smaller pack and retails for $74,800, including destination charges, with an expected range of more than 350 miles. Finally, the Silverado EV RST, the first available to retail customers, will arrive in the fourth quarter with a $106,895 price tag and a 400-mile range.
The $40K Silverado EV is dead and buried, but Chevrolet promised more variants would arrive next year, and they will be "competitively priced" while offering more range versus competition. This means that Chevrolet should squeeze the base WT version under the Ford F-150 Lightning Pro starting price of $61,995. The Blue Oval's truck offers 462 horsepower and a 98-kWh battery for the price, promising a 240-mile range. Chevrolet also announced a Trail Boss version launching next year.
The Chevrolet Silverado EV uses the same Ultium technology as the GMC Hummer EV, making it almost as heavy and expensive as the Hummer, at least in the RST top variant. The Silverado EV has one less electric motor and is not targeting absolute performance, therefore being optimized for efficiency. This explains how Chevrolet managed to squeeze 121 miles more from the same battery pack. Still, based on the first driving impressions, it's not very quick, and this could be a problem when trying to merge on highways, especially uphill.
That's why it's not surprising that Chevrolet ruled out a $40,000 entry price for its electric pickup truck Silverado EV. The new estimate is that the cheapest trim would start at $50,000, but no one knows when it will be available. Instead, the 2024 Silverado EV will start sales this summer with the most expensive Work Truck variant, the 4WT. This will be exclusively offered to fleet customers at a price starting at $79,800. The Silverado EV 3WT variant will be available shortly for $74,800.
If you're wondering, the main difference between the two is the battery capacity, which is about 200 kWh for the 4WT, allowing an EPA range rating of 450 miles. The 3WT has a smaller pack and retails for $74,800, including destination charges, with an expected range of more than 350 miles. Finally, the Silverado EV RST, the first available to retail customers, will arrive in the fourth quarter with a $106,895 price tag and a 400-mile range.
The $40K Silverado EV is dead and buried, but Chevrolet promised more variants would arrive next year, and they will be "competitively priced" while offering more range versus competition. This means that Chevrolet should squeeze the base WT version under the Ford F-150 Lightning Pro starting price of $61,995. The Blue Oval's truck offers 462 horsepower and a 98-kWh battery for the price, promising a 240-mile range. Chevrolet also announced a Trail Boss version launching next year.
The Chevrolet Silverado EV uses the same Ultium technology as the GMC Hummer EV, making it almost as heavy and expensive as the Hummer, at least in the RST top variant. The Silverado EV has one less electric motor and is not targeting absolute performance, therefore being optimized for efficiency. This explains how Chevrolet managed to squeeze 121 miles more from the same battery pack. Still, based on the first driving impressions, it's not very quick, and this could be a problem when trying to merge on highways, especially uphill.
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