Monday, July 22, 2024

GMC Boosts Production of Hummer EVs, Signaling Strong Growth in Electric Vehicle Market

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GMC, a subsidiary of General Motors, has been steadily increasing production of its highly anticipated electric duo: the GMC Hummer EV Pickup and GMC Hummer EV SUV. Reports from GM Authority indicate a promising trend, with production numbers on the rise.

Sources familiar with the matter have revealed that GMC manufactured 2,439 electric Hummers in July. This marks the third consecutive month of production exceeding 2,000 units, following 2,590 units in May and 2,750 units in June. This surge in production is aligned with General Motors’ commitment to boosting output, previously hampered by supply chain challenges. Notably, the GM Factory Zero facility underwent a temporary shutdown from December 2022 to January 2023 to prepare for the production of the Chevrolet Silverado EV and GMC Sierra EV.

See also: EarthCruiser Introduces Pop-Top Camper Variant for GMC Hummer EV

To put these figures into perspective, GMC has produced a total of 16,088 electric Hummers since October 2021, including a remarkable 11,058 units during the first seven months of 2023. This substantial increase contrasts with the official delivery data, which reported just 49 units in the first half of the year and fewer than 1,000 units cumulatively by the end of June.

Unofficial production numbers break down as follows:

  • 2021 (Oct-Dec): 140 units
  • 2022 (Jan-Dec): 4,890 units
  • 2023 (Jan-Jul): 11,058 units

These figures suggest that the third quarter is poised for a surge in customer deliveries. Assuming an average monthly production rate of 2,500 units, annual production could reach 30,000 units. This substantial increase is noteworthy given the unique and premium nature of the GMC Hummer EV lineup.

It’s worth noting that GMC closed reservations for electric Hummers in September 2022, with over 90,000 units reserved, each backed by a $100 refundable deposit. As production accelerates, the queue for these sought-after vehicles is expected to remain lengthy throughout 2023 and potentially into 2024.

See also: 2024 GMC Hummer EV Pickup Prices Receive Upward Adjustment, Rising by $1,600 Across Trims

Meanwhile, GMC has recently adjusted the pricing of the GMC Hummer EV Pickup, increasing it by $1,600 for new orders. The entry-level EV2X version now starts at just under $100,000.

This production upswing of Ultium-based electric vehicles from General Motors signifies a significant step forward in the company’s electrification efforts. Enthusiasts and investors alike are eagerly awaiting updates on the progress of the Cadillac Lyriq, which is expected to gain momentum in the third quarter.

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