GM unveils new Chevrolet Silverado EV topping $100,000

Basic Motors plans to construct a piece truck model of its new electrical Chevrolet Silverado for industrial prospects and a completely loaded luxurious mannequin that may retail for greater than $100,000 when it launches the brand new pickup subsequent 12 months.

The Detroit automaker on Wednesday mentioned a WT, or Work Truck, would be the first truck supplied to fleet consumers in spring 2023, adopted by a completely loaded $105,000 RST restricted first version mannequin for customers subsequent fall. GM mentioned the work truck will begin at $39,900.

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“It is going to provide a revolutionary mixture of functionality, efficiency, security, flexibility and design that catapults this electrical truck for each fleet and retail prospects right into a class of its personal,” GM CEO Mary Barra mentioned Wednesday when unveiling the Silverado EV throughout a digital keynote for the CES know-how present.

Each segments are essential prospects in GM’s plans to ramp up gross sales and stay worthwhile whereas it totally transitions to EVs by 2035.

2024 Chevrolet Silverado EV RST


“As we wind the calendar ahead, vehicles will proceed to be a franchise participant and meaning the entire quantity and share and profitability,” GM North America President Steve Carlisle informed CNBC. “The aim is to develop the corporate as we undergo this transition; to not preserve it flat or shrink it, so vehicles must play an outsized position in all of that.”

Highlights of the Silverado EV RST embrace as much as 664 horsepower and greater than 780-pound toes of torque in addition to an estimated 0-60 mph time of lower than 4.5 seconds, in accordance with GM. It additionally will function hands-free freeway driving, four-wheel steering and 24-inch wheels.

Each preliminary variations of the Silverado EV additionally may have a full vary of greater than 400 miles and be capable of cost 100 miles in roughly 10 minutes with a DC quick charger, the corporate mentioned.

Chevy vs. Ford

The value of the 2024 Silverado EV WT is in keeping with the upcoming base mannequin of Ford Motor’s electrical F-150 Lightning pickup, which is predicted to reach this spring beginning at $39,974.

2024 Chevrolet Silverado EV RST


The highest-end pricing of the Silverado EV is about $14,000 greater than the F-150 Lightning. The pricing distinction is probably going as a consequence of further options in addition to Ford’s manufacturing platform. The electrical F-150 shares lots of the similar parts with the standard model of the pickup that Ford sells a whole lot of hundreds of every 12 months.

That compares with the electrical Silverado that is on a brand new platform shared with the lately launched GMC Hummer EV pickup.  

“Clearly, Hummer is a giant step, however Silverado is a step into the mainstream vehicles,” Carlisle mentioned.

The $105,000 Silverado EV RST launch version is also barely dearer than Rivian Automotive’s totally loaded R1T, a smaller electrical pickup that went on sale late final 12 months that begins at $67,500 however can prime $100,000.

Different variations coming

GM will provide different variations of the Silverado EV after the preliminary launch in 2023, in accordance with Steve Majoros, Chevrolet vice chairman of selling. He described the manufacturing, timing and volumes for the Silverado EV as a “Rubik’s dice” that GM continues to be figuring out.

Barra previewed an upcoming off-road model of the electrical pickup throughout her remarks for CES. She additionally confirmed EV variations of the Chevrolet Equinox and Chevrolet Blazer in 2023. The electrical Equinox will begin round $30,000, she mentioned.

GM has promised traders that its transition to an all-electric automaker by 2035 will likely be worthwhile.

“That is actually the aim that guides all this,” Carlisle mentioned.

The position of fleet gross sales is considered as necessary for EVs, particularly pickups — due to rising information analytics and logistical instruments automakers are eyeing as alternatives for recurring income with fleet prospects.

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Luxurious pickups even have more and more grow to be necessary for automakers equivalent to GM and Ford, resulting in file pricing and income. GM has led U.S. gross sales of pickup vehicles for the final eight years.

“It is a franchise for us right this moment and it is a massive deal within the business,” Carlisle mentioned. “So we’re not meaning to cede any floor on that as all of this unfolds.”

Silverado EV

Whereas the 2024 Silverado EV shares its title with Chevrolet’s conventional pickup, it bodily has extra in widespread with the GMC Hummer EV.

Most notably, each pickups function GM’s new Ultium EV platform and batteries. Additionally they embrace new applied sciences and notable efficiency metrics in addition to massive screens on the inside of the automobiles and modern new exterior designs with differing LED lightbars.

The Silverado EV RST additionally shares a singular function known as a midgate with the once-popular Chevrolet Avalanche, a pickup GM produced for greater than a decade starting in 2001. The car’s rear seats can fold down and the rear glass above them will be taken out and saved within the seats. The function considerably will increase the dimensions of the car’s mattress from 5 toes and 11 inches to just about 11 toes.

“We had a whole lot of glad prospects with Avalanche,” mentioned Ryan Vaughan, Chevrolet design director for the Silverado EV. “Having mentioned that, this isn’t the brand new Avalanche.”

Chevrolet officers promise that regardless of the brand new seems of the Silverado EV, it’ll ship the whole lot conventional consumers of the truck have come to count on.

“It is known as Silverado for a cause,” Majoros mentioned. “It is an ideal, highly effective model.”

The work truck model of the Silverado EV will provide 510 horsepower and 615-pound toes of torque, in accordance with GM. Each are larger than present Chevrolet Silverado 1500 fashions however the towing and payload scores on the EV model will initially be decrease than many fashions.

The $105,000 Silverado EV RST turned out there for patrons to order on Chevrolet’s web site Wednesday. The WT pickup will initially go to predetermined fleet prospects.

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