Is the 2024 Chevrolet Silverado EV RST Really Worth $105K?

The fully loaded 2024 Chevrolet Silverado EV RST is the most expensive version of the electric pickup truck. The Chevy Silverado EV will range from $40,000 all the way to $105,000+. Is the 2024 Chevrolet Silverado EV RST worth $105K, or is it grossly overpriced?

The 2024 Chevrolet Silverado EV RST costs over $100,000

A blue 2024 Chevrolet Silverado EV.
A blue 2024 Chevrolet Silverado EV | Chevrolet

RELATED: The Electric Chevy Silverado Challenges Ford F-150 EV

Electric pickup trucks have the potential to be ubiquitous in the future. That being said, the electric vehicles can get pretty expensive at higher trim levels. The Ford F-150 Lightning Platinum will cost over $92K fully loaded. According to Car and Driver, the fully loaded 2024 Chevrolet Silverado EV RST will cost consumers close to a whopping $105,000.

The Chevy Silverado EV RST is the most powerful Silverado EV and also has the most range. It will make an astounding 664 horsepower. The electric truck will get 400 miles of range. Its range and power are impressive, but its price makes the electric truck completely inaccessible to most Americans, so it’s only worth it for the few who can afford the truck.

Why are consumers excited about the 2024 Chevrolet Silverado EV?

General Motors Chair and CEO Mary Barra delivers the virtual keynote at CES 2022 beside a blue 2024 Chevrolet Silverado EV.
General Motors Chair and CEO Mary Barra delivers the virtual keynote at CES 2022 beside a blue 2024 Chevrolet Silverado EV | Steve Fecht for Chevrolet

RELATED: The Chevy Silverado EV Already Has 1 Incredible Advantage

Consumers are excited about the 2024 Chevrolet Silverado EV because it challenges everything we know about electric vehicle range. The Ford F-150 Lightning’s max range is just 300 miles. The Silverado EV’s max range beats the F-150 Lightning by 100 miles.

Today’s popular electric vehicles can have anywhere between 200 to 250 miles of range. Higher trim levels get closer to 300 miles of range. An EV with 400 miles of range is almost unheard of. The announcement of the Silverado EV’s high range estimate signals the overall improvement of EV platforms and electric vehicle technology.

Chevrolet struggled in 2021 with the huge financial loss that came with recalling Chevy Bolt models. The Chevy Bolt was once championed for its value when it first arrived. Now, many consumers associate the Bolt with battery fires after a year of bad press and recurring issues.

The 2024 Chevy Silverado EV is Chevy’s second chance to launch a popular EV using its Ultium platform. The automaker’s battery debacle won’t soon be forgotten by consumers or the media, but the Silverado EV presents the company with another opportunity to get it right.

Should you buy a Chevy Silverado EV?

RELATED: 2023 Chevy Silverado EV Reservations Open Soon

The 2024 Chevy Silverado EV is expected to start at around $40,000. Base models are unlikely to get 400 miles of range. The base Silverado EV will likely get 250-300 miles of range instead.

Chevy’s full-size electric pickup truck is shaping up to be major competition for rivals like the Ford F-150 Lightning. The gas-powered Silverado may have lagged behind the gas-powered Ford F-150, but electrifying nameplates has given each respective model a rebirth. If there was ever a time for the Silverado to turn the tide and become the more popular full-size truck, it’s now.

RELATED: Chevy Reveals Electric Silverado Pickup: Too Many EV Pickups To Count!