The Chevy Silverado EV introduces a brand-new all-electric alternative to the popular Chevy Silverado, offering a cutting-edge EV powertrain with impressive capability. As expected, this all-electric truck has been highly anticipated, with GM securing many reservations from prospective buyers. Now, GM has announced it currently holds more than 170,000 reservations for the Silverado EV.
Per GM’s Q3 2022 earnings report, the number of Silverado EV reservations has increased from more than 150,000 in Q2 2022, and from 110,000 in Q1 2022.
Assuming GM can keep up with demand, this is very promising news. Prospective buyers are excited to get their hands on the electric Silverado, with a whopping 95 percent of Chevy Silverado EV reservation holders planning to use the all-electric truck for daily driving duties. Additionally, 87 percent of reservation holders decided to reserve the Silverado EV because they wanted an electric vehicle that could do “truck things” like towing and trailering, while 72 percent of respondents said they desired an EV that could go off-roading.
However, there may be a catch. According to a study preformed by Recurrent Auto, only 20 percent of Chevy Silverado EV reservations holders actually intend to purchase the all-electric truck. This means that 80 percent of reservations could be “phantom orders,” which would be the highest in the EV industry.
It’s worth noting that there are a number of reasons for why buyers may be apprehensive to buy a Silverado EV. For starters, many reservation holders wouldn’t receive their vehicles until 2024 and feel like that timeline is too long to make a commitment at this time. In addition, others are worried the pickups may be priced much higher than GM’s originally quoted MSRP.
As a reminder, GM initially unveiled two trim levels for the 2024 Chevy Silverado EV at the 2022Â Consumer Electronics Show, including the fleet-oriented WT, as well as the well-equipped RST First Edition.
Under the skin, the Silverado EV is based on GM’s new, all-electric BT1 platform, which it shares with the GMC Hummer EV and GMC Sierra EV. The all-electric truck utilizes GM Ultium battery technology and GM Ultium drive motor technology, with up to 400 miles of driving range. Additionally, the Chevy Silverado EV will offer bidrectional charging capabilities, which means it can provide energy back to a properly-equipped home if needed.
Production is set to kick off at the GM Factory Zero plant, previously known as the GM Detroit-Hamtramck plant, in metro Detroit, Michigan next year.
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Comments
Too bad it will take GM 25 years to meet the Demand with the EV build pace they currently have. Lol
So ridiculous. They need to figure it out and do so quickly.
Anybody can take orders. The key issue is timely deliveries. Previous article doesn’t bode well for that.
20% fulfillment rate….. wonder how many people are putting in orders to boost their GM stocks….. or work for a w oke corporation and are placing orders for meet objectives of the boards that will never be approved by purchasing.
By the time this EV Silverado is built and delivered it will be outdated…They will be built and delivered with old school technology and without the SOLID STATE Batteries.Which give you 100+ more miles..The newer technology….I will wait for the bugs to be worked out,and newer technology before I buy.
That’s a lot of grocery getters! I will order a new half ton diesel once the recession takes hold and rebates come back.
If there’s a change in power in DC and the fossil fuel industry comes back. If we have plenty of cheap gas with plenty of gas stations. Why buy electric?
They’re certainly seems to be a high probability that cheap abundant fossil fuels, will be around for a very long time. Unless new technologies changes the paradigm. The market should be the engine for innovation not government bureaucrats. Forcing industry to bow to battery power; that’s not really ready for prime time.
Yep, its all symbolic at this point. We have ample supply of fossil fuels as long as permits are granted to retrieve and refine them. But if those idiots in Washington believe that by forcing everyone to switch to EV’s will save the environment, they are delusional at best. Unless China and India move to all EV’s along with our country, they will continue to pump out smog at a rate that eclipses the United States. Electric power plants (that provide the grid to charge electric cars) do not run on electricity and generate water vapor, think about that one.
Reservations are one thing, sales are another. But, throw out a large reservation number in the news to watch the stock go up…someone is making money off of this news.
Have one of these reserved and plan on purchasing. There had better be some interior colors available other than what they’re showing, not buying any white interior in a pickup. Not having a sunshade for the glass roof is just plain stupid IMO. But guess I would settle for tinting it after taking delivery, too much is still unknown about what this vehicle will be once they actually start producing them.
Hoping that they have models of these in major metropolitan areas that one can see and sit in prior to order write up, the seats look awful thin.