$40k Pledge for 2024 Chevrolet Silverado EV Shattered

Cheapest Model $50K and Up

If you were eagerly expecting to get your hands on a relatively inexpensive Chevrolet Silverado EV, we have some unfortunate intelligence for you: it will not come to fruition.

The base model will now be priced at $10,000 more than Chevrolet was anticipating; the American carmaker originally pleased shoppers with an expected price tag of $39,900 (excluding delivery), yet they don’t believe this goal can now be achieved.

Chevrolet’s literature has been changed to reflect the new pricing. According to the automaker’s media website, “MSRPs [will start] from $50,000, $60,000, $70,000, $80,000.” As the WT (Work Truck) was formerly the entry-level model, that’s the one that will have a price tag of $50k.

Amy Masica, the director of marketing for Chevrolet, declared to Automotive News that “a lot has altered in the last year and a half with the economic strains, with the industry pressures, [and] with all the supply chain [issues].” Masica went on to say that “affordability is still really significant to Chevy,” which implies that a more economical model might be released at some point in the future.

Although it is costlier than first thought, the so-called 4WT variant of the base WT boasts a range of 450 miles—dwarfing its adversaries from Ford and Rivian. This model will go for an expected $79,800. A more economical 3WT type will be released down the line for an asking price of $74,800, yet it won’t have such an impressive range. Even still, 350 miles ought to satisfy the demands of most buyers.

Fleet customers will be presented with two options that are exclusively available to them. Meanwhile, individuals ready to purchase can anticipate the arrival of the RST initial Version which is projected to come out this autumn.

Despite the hefty cost of $106,895, this inaugural variant completely sold out within only twelve minutes. Beginning at the top, that model offers 664 horsepower and 780 lb-ft of torque as potential weapons. Offering an impressive 510 hp and 615 lb-ft of torque respectively is the somewhat less powerful Work Truck option.

Upon the introduction of the RST, Chevrolet will be introducing additional varieties of the Silverado EV with a more accessible cost.

It is disheartening yet not shockingly so to hear Chevrolet’s announcement. Rival car manufacturer Ford has often inflated the MSRP of its Lightning vehicle since it got started. Home in on the Pro model, for example, where the starting cost has jumped from $39,974 to $59,974. While both powerhouses use supply shortages and mounting raw material charges as their explanation, it doesn’t make the situation any better.

“Let’s not forget the Tesla Cybertruck won’t come in under the $40,000 mark either,” Elon Musk reminded us. He went on to explain that the pricing would be different due to “the inflation that we’ve seen and the various issues.” There’s no way to predict what the final cost will be, but it’s clear that the Cybertruck won’t be an inexpensive vehicle.