Everything You Need to Know About the 2024 Chevy Silverado EV
Chevrolet is bringing its first full-size electric pickup truck to market. The Silverado EV will compete with the Rivian R1T, Ford F-150 Lightning, and Ram 1500 EV. Here’s what you need to know about Chevy’s electric truck.
How much will an electric Silverado cost?
The electric Silverado starts at $39,900. After federal electric vehicle tax incentives, its base model will be closer to $32,400. The Silverado EV RST final trim will start at a whopping $105,000.
The Chevrolet Silverado EV will be available in several trims to suit different budgets. The base model Work Truck is affordable, and the Rally Sport Truck boasts impressive specs. The Silverado EV base model is slightly more affordable than the Ford F-150 Lightning base model. The Silverado RST is much more expensive than the Lightning Platinum trim.
Where will the Silverado EV be built?
The Silverado EV will be built at GM’s Factory ZERO in Detroit. General Motors has spent $2.2 billion on electric vehicle production and intends for the Silverado EV to lead the charge for its pickup trucks.
After the Chevy Bolt battery debacle, the Silverado EV could be Chevy’s best hope to produce the most popular EV. The Bolt has earned quite a reputation in the last two years, and it may take some time for consumers to trust the nameplate again. The Silverado EV, on the other hand, gets a clean slate. It’s snazzy enough to attract plenty of consumers.
The electric pickup truck may use some globally sourced parts, but it’s ultimately an American pickup truck that is assembled in America. The Silverado EV will join the ranks of other American electric pickup trucks like the Ford F-150 Lightning and Rivian R1T.
The electric truck nameplates are all rivals, but each nameplate means more jobs for Americans and more money circulating in the American economy. America’s current favorite pickup truck is an American model. Will its favorite electric pickup truck be an American truck as well?
Chevy’s electric pickup truck could be a hit
The Chevy Silverado EV has the potential to become the most popular electric truck on the market. Availability will be a key factor in whether the nameplate is successful or not. Since the F-150 Lightning is already in such high demand, the Chevy Silverado EV can act as an alternative.
The Silverado EV can make a major splash in the EV space. The Silverado doesn’t come close to the Ford F-150 or Ram 1500 in rankings, but it is still one of the most popular full-size pickup trucks. Since all electric trucks from major automakers are new, Chevy has a fair shake at grabbing a large portion of the total market share.
GM CEO Mary Barra believes the Silverado EV will be the best option in its segment. As far as its specs go, the Silverado EV appears average. The Silverado RST is impressive, but it’s also incredibly expensive. Will Chevy’s electric pickup truck live up to expectations? According to CNBC, the electric pickup already has 140,000 preservations.