2024 Chevrolet Silverado EV gets upgraded range and performance, but also an upgraded price tag

The 2024 Chevrolet Silverado EV is set to make its debut this summer, and it is bringing some upgrades in terms of range, towing capabilities, and performance compared to the initially announced specs. However, with these upgrades comes a higher price tag that might leave some potential buyers taking a second thought.

When General Motors first announced the Silverado EV in early 2022, they promised an attractive starting price of $39,900 (~C$52,400) with a range of 400 miles (644km). But during a “first drive” press tour, the automaker revealed new details about this upcoming 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 (724km) per charge, as we reported last month. However, this increased range comes at nearly double the original price, now a cool $77,000 (~C$101,000).

The long-range Silverado EV 4WT, available exclusively to fleet customers, will arrive this summer, followed by the lower-range 3WT shortly thereafter. The premium Silverado RST for general consumers is expected to debut in the fall, but as expected, it also comes with a hefty price tag.

  • Silverado EV 4WT: $77,905
  • Silverado EV 3WT: $72,905
  • Silverado RST: $105,000

For these prices buyers will get an all-electric truck with an impressive range of 450 miles, a towing capacity of 10,000 lbs, onboard power capabilities, a spacious frunk, and more. Chevrolet has also mentioned that the more affordable 3WT variant should offer a range of 350-400 miles (563km-643km) per charge.

The Silverado EV RST, which won’t be available until later this year, offers slightly lower range at around 400+ miles per charge, but its much higher price point is because of features like four-wheel steering, adaptive air suspension, a premium interior equipped with a 17″ display, and over 754 horsepower.

Although the range figures may appear impressive, they lose their significance when considering the size of the battery pack that powers them. A recent example that highlights this issue is the Ram 1500 REV, which was unveiled with a claimed range of 500 miles (804 km). However, the problem lies in the fact that it requires a massive 229 kWh battery pack, resulting in an efficiency of just 2 miles per kWh. Chevrolet hasn’t revealed the exact size of the Silverado’s battery pack, but it will likely be in the same ballpark as the Ram 1500 REV.

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