Chevy Silverado EV Won’t Start at $40K, Reportedly

Chevrolet Silverado EV: Is the Promised Price Realistic?

The Chevrolet Silverado EV has been making waves in the automotive industry since it was first announced. With promises of a starting price of $39,900 before destination fees, it was poised to be a game-changer in the electric truck market. However, recent reports suggest that the truck may not be as affordable as initially promised.

AutoGuide, our corporate colleagues, have scanned the first drives of the Chevrolet Silverado EV and noticed something concerning. The truck is almost certainly not going to have the previously promised price of $39,900 before destination fees. Instead, it looks like the first units for sale will be the $79,800 4WT trim, which is meant for fleet sales. The $74,000 3WT trim is soon to follow, and it is speculated that the lower trims won’t come in at less than $60K.

Truck Pricing

We can’t say we’re surprised by this development, given the popularity of trucks and how that drives up pricing. In fact, when we priced a mid-trim Silverado for funsies this morning, it came out to over $65,000. The cost of building these EV trucks is also a significant factor in the pricing.

EV Truck Market

Cheap EV trucks will likely be on the market someday. However, today it appears that day is not here yet. The electric truck market is still in its infancy, and manufacturers are still figuring out how to make them affordable while maintaining their performance and range capabilities.

Chevrolet’s Response

Chevrolet has not yet commented on the pricing of the Silverado EV. However, they have stated that the truck will have a range of up to 400 miles on a single charge and will be capable of towing up to 10,000 pounds. These are impressive numbers for an electric truck and could make it a popular choice for those in the market for a new truck.

Fleet Sales

The fact that the first units for sale will be the $79,800 4WT trim, which is meant for fleet sales, is also worth noting. Fleet sales are typically made in bulk, and manufacturers can offer discounts to entice companies to purchase their vehicles. It’s possible that Chevrolet is using this strategy to get the Silverado EV into the hands of as many people as possible and to generate buzz around the truck.

Future of EV Trucks

The future of EV trucks is exciting, and we can expect to see more models hitting the market in the coming years. However, it’s important to remember that these vehicles are still relatively new, and manufacturers are still figuring out how to make them affordable while maintaining their performance and range capabilities.

Conclusion

In conclusion, the Chevrolet Silverado EV may not be as affordable as initially promised, but it still has impressive performance and range capabilities. The electric truck market is still in its infancy, and we can expect to see more models hitting the market in the coming years. While we may not see cheap EV trucks on the market today, it’s only a matter of time before they become more accessible to the average consumer.

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