The 2024 Chevrolet Silverado EV is set to make its debut this summer, and it brings exciting upgrades in terms of range, towing capabilities, and performance compared to the initially announced specifications. However, potential buyers may find themselves reevaluating their purchasing decisions due to the accompanying higher price tag.
When General Motors first introduced the Silverado EV in early 2022, they promised an attractive starting price of $39,900 (~C$52,400) with a range of 400 miles (644 km). Yet, during a recent “first drive” press tour, the automaker revealed new details about this forthcoming electric pickup truck. The base model, known as the Chevy Silverado EV WT (work truck), is now estimated to offer an impressive EPA-rated range of 450 miles (724 km) per charge, as we reported last month. However, this increased range comes at nearly double the original price, now standing at $77,000 (~C$101,000).
The long-range Silverado EV 4WT, exclusively available to fleet customers, will arrive this summer, followed shortly by the lower-range 3WT variant. The premium Silverado RST, targeting general consumers, is expected to debut in the fall but commands a significant price premium.
The pricing breakdown for the Silverado EV models is as follows:
- Silverado EV 4WT: $77,905
- Silverado EV 3WT: $72,905
- Silverado RST: $105,000
With these price points, buyers will gain access to an all-electric truck boasting an impressive range of 450 miles, a towing capacity of 10,000 lbs, onboard power capabilities, a spacious front trunk (frunk), and more. Chevrolet has also stated that the more affordable 3WT variant is anticipated to offer a range of 350-400 miles (563 km-643 km) per charge.
The Silverado EV RST, which will become available later this year, provides a slightly lower range at around 400+ miles per charge. However, its higher price tag can be attributed to advanced features such as four-wheel steering, adaptive air suspension, a premium interior featuring a 17″ display, and a remarkable 754+ horsepower.
While the range figures may appear impressive, it is crucial to consider the battery pack size required to achieve them. The recent example of the Ram 1500 REV illustrates this matter. Although it claims a range of 500 miles (804 km), it necessitates an enormous 229 kWh battery pack, resulting in an efficiency of only 2 miles per kWh. While Chevrolet has not disclosed the exact size of the Silverado’s battery pack, it is expected to be similar to that of the Ram 1500 REV.
As consumers anticipate the arrival of the 2024 Chevrolet Silverado EV with its enhanced capabilities, they must weigh the considerable improvements in range, towing, and performance against the higher price tag. Ultimately, individual preferences and requirements will dictate whether the upgraded Silverado EV aligns with their needs in the evolving landscape of electric vehicles.
