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.
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 2022 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.