Chevrolet Silverado EV Nets Over 110,000 Reservations
【Summary】The Chevrolet Silverado EV is approaching the Ford F-150 Lightning reservations total of 200,000 units and is almost double the number of reservations GMC has received for the Hummer EV pickup and SUV.
Consumers are ready for the electric pickup revolution. Ford stopped accepting reservations for the F-150 Lightning after it received 200,000 orders for its electric vehicle. The automaker received a $100 refundable deposit for every order it received for the pickup truck. The insane number of reservations highlights that electric pickup trucks will be a hit when they finally arrive. While the Chevrolet Silverado EV is late to the electric party, it's already making a splash.
The Silverado EV Is A Hit
It's only been a few weeks since Chevrolet unveiled the Silverado EV pickup truck, but the automaker already received a dizzying number of reservations. General Motors announced its fourth-quarter earnings report for 2021 at the beginning of February. The announcement includes financial information, as well as information on the number of reservations it's received for its electric pickup trucks.
So far, General Motors has received more than 110,000 reservations for the Silverado EV. A large part of those reservations come from roughly 240 fleet operators. GM also announced the number of reservations it has received for the Hummer EV Pickup and SUV, which currently sits at a combined 59,000 reservations for both configurations.
Consumers are clearly interested in GM's electric vehicles, but the Silverado EV is far more popular than the Hummer EV Pickup and SUV. It could come down to the vehicle's pricing, styling, or performance, but the Silverado EV is on pace to give the F-150 Lightning a fight. To keep up with demand for the electric car when it goes on sale, Chevrolet will be converting its facility in Orion Township to boost the production of the Silverado EV truck. GM is targeting to build a total of 600,000 units of the Silverado EV before the end of 2025.
Silverado EV Has Impressive Specs
In its RST First Edition trim, the Silverado EV will have some impressive performance figures. With the available 200-kWh battery, the pickup will have a range of 400 miles and offer up to 664 horsepower with the dual-motor configuration. The truck will have a maximum towing capacity of 10,000 pounds and a 1,300-pound payload capacity. For consumers that aren't interested in a six-figure truck, the Silverado EV will also be available in a Work Truck trim that costs $39,900.
The Silverado EV will arrive in the spring of 2023 and compete against competitors like the Ford F-150 Lightning, Tesla Cybertruck, and Rivian R1T. Going forward, it's going to be interesting to see if Chevrolet has to boost production of the vehicle down the road, like Ford did, to ensure it has enough units to sell.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
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