Chevy has a rare opportunity on its hands. The Chevrolet Silverado EV could be the first affordable electric truck on the market because of unique circumstances. Make sure you don’t miss out on Chevy’s electric truck by recognizing the pattern that’s evident in electric truck rollouts.
The Rivian R1T was the first electric pickup truck, but does being first matter?
Being first to market can be a huge advantage. Automakers are competing to release popular EVs as quickly as possible because the most popular EV nameplate could eventually become the best-selling vehicle in the future. Rivian got the jump on other automakers by releasing the first electric pickup truck.
The 2022 Rivian R1T Launch Edition is the first electric pickup truck in America. It was MotorTrend’s truck of the year in 2021. The R1T is a groundbreaking model because of how powerful it is and its unique capabilities. It’s an off-road adventure truck made to tackle tough obstacles. The R1T even conquered Hell’s Gate.
The R1T Launch Edition is an incredible vehicle, but it’s in short supply. The electric truck starts at $85,000. It’s much more expensive than popular pickup truck models like the Ford F-150 and Ram 1500. The most affordable trim starts at $67,500, and those models won’t be delivered until 2024. The R1T may be the first electric truck on the market, but its limited supply and the speed of production are hurting sales.
The F-150 Lightning sold out before production began
The Ford F-150 Lightning has the potential to become the most popular pickup truck on the market. Ford had Blue Oval fans excited since the electric truck was unveiled. There are over 200,000 F-150 Lightning pre-orders.
The F-150 Lightning Pro and XLT trims are completely sold out because of the many pre-orders. Now, the most affordable F-150 Lightning model that consumers can order is the Lightning Lariat starting at $67,474. There’s no telling when the affordable base model will be readily available.
Ford is working hard to increase production to meet demand, but America is going crazy over the F-150 Lightning. If you want a base model, you’ll have to be well-informed about reservations and pre-orders. The supply chain crisis isn’t going to make fulfilling orders any easier.
The Chevy Silverado EV could be in high demand
If the demand for the Rivian R1T and Ford F-150 Lightning is any indication of how popular the Chevy Silverado EV could be, potential buyers should look into the EV as soon as possible. Supply issues are industry-wide, and General Motors could have trouble meeting the demand for its first electric pickup truck as well.
According to CNBC, the Silverado EV has already racked up 140,000 reservations. It’s set to release in 2023, so the window to order a base model Silverado EV could close sooner than you think.