Chevy - EVGLOBE - News on Electric Vehicles and Hybrids Latest News on Electric Vehicles and Plug-in Hybrids Wed, 09 Mar 2022 16:16:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.3 https://evglobe.com/wp-content/uploads/2020/03/cropped-evglobe-favicon-32x32.png Chevy - EVGLOBE - News on Electric Vehicles and Hybrids 32 32 172650957 2024 Chevy Blazer SS Teased As Electric Performance Crossover https://evglobe.com/2022/03/09/2024-chevy-blazer-ss-teaser/ https://evglobe.com/2022/03/09/2024-chevy-blazer-ss-teaser/#respond Wed, 09 Mar 2022 16:16:03 +0000 https://evglobe.com/?p=16214 Speaking at CES 2022 in January during a conference held in Las Vegas, General Motors CEO Mary Barra announced plans for a fully electric Blazer. The crossover without a combustion engine is going to be launched in 2023 and aims to be “priced right with a high level of refinement and options.” Interestingly, now we […]

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Speaking at CES 2022 in January during a conference held in Las Vegas, General Motors CEO Mary Barra announced plans for a fully electric Blazer. The crossover without a combustion engine is going to be launched in 2023 and aims to be “priced right with a high level of refinement and options.” Interestingly, now we get to learn there will also be a performance version carrying the familiar “SS” suffix.

The adjacent 20-second teaser is actually a video rendering rather than the real crossover. Even so, we get to discover the Chevy Blazer SS has an electrically operated fuel cap for the illuminated charging port mounted on the front fender on the driver’s side. Those two-tone alloy wheels proudly carry the “SS” lettering in red to denote the vehicle’s sporty nature.

Chevy says it will fully reveal the Blazer SS sometime this year, but it won’t go on sale until spring 2023. It will be the first electric model to bear the SS moniker and will hit the roads next year along with the already revealed Silverado EV pickup truck as well as the Equinox EV previewed a couple of months ago. Considering the latter will cost an estimated $30,000, logic tells us the Blazer will be more expensive, especially in SS flavor.

While new EVs with the bowtie emblem are on their way, some of the others might be discontinued in the coming years. We’re specifically talking about the Bolt hatchback and its EUV crossover sibling since the Orion Township where the two are built will make other vehicles from 2024. GM is spending $7 billion in Michigan for EV and battery production, but it hasn’t said a word about whether the two Bolt models will survive. For the time being, we know the overhauled plant will assemble the Silverado EV as well as the GMC Sierra EV.

Source: Chevrolet

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2024 Chevy Silverado EV Reservations Reach More Than 110,000 https://evglobe.com/2022/02/02/2024-chevy-silverado-ev-reservations/ https://evglobe.com/2022/02/02/2024-chevy-silverado-ev-reservations/#respond Wed, 02 Feb 2022 13:19:48 +0000 https://evglobe.com/?p=15454 General Motors is fast-tracking its transition to electric vehicles by launching a variety of EVs across several segments of the market. The newly developed Ultium platform serves as the backbone for the zero-emissions onslaught, and early signs are showing it’s a success. Even though the 2024 Silverado EV debuted less than a month ago, it […]

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General Motors is fast-tracking its transition to electric vehicles by launching a variety of EVs across several segments of the market. The newly developed Ultium platform serves as the backbone for the zero-emissions onslaught, and early signs are showing it’s a success. Even though the 2024 Silverado EV debuted less than a month ago, it has already racked up more than 110,000 reservations.

Meanwhile, the much more expensive GMC Hummer pickup truck together with its SUV equivalent have generated combined interest in excess of 59,000 reservations. At the same time, BrightDrop vans are also in high demand as more than 25,000 reservations have been made so far. No numbers have been provided for the Cadillac Lyriq of which customer deliveries are scheduled to begin in the coming months.

Bear in mind Chevrolet has already announced the Equinox EV and Blazer EV will go on sale during the 2024 model year, so GM has a lot on its plate when it comes to diversifying its electric offerings. To make it happen, the North American conglomerate has already invested more than $14 billion in 10 states across the country since 2020 and will spend a further $7 billion to boost battery cell and EV assembly capacity.

GM head honcho Mary Barra said one of the short-term objectives is to sell 400,000 purely electric vehicles in North America through 2023. However, the future looks grim for the Bolt EV and Bolt EUV as the factory in Orion Township, Michigan where the two are made will be repurposed for other products. It’s necessary to reach an overall target for 2026 of producing 600,000 electric trucks by the end of 2025.

Getting back to the Silverado EV, GM says more than 240 fleet operations have made reservations for the fullsize electric pickup. In addition, BrightDrop has lured in some big names, including Walmart and FedEx Express, which will be using their cargo vans. While no reservations numbers have been made public for the Lyriq, GM is happy to report it won’t organize a new round of reservations because the backlog is already pretty big. Instead, Cadillac will begin to take customer orders after the Debut Edition hits the market in March.

Source: General Motors

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General Motors to launch electric heavy-duty trucks by 2035 https://evglobe.com/2022/01/06/general-motors-launch-electric-heavy-duty-trucks-2035/ https://evglobe.com/2022/01/06/general-motors-launch-electric-heavy-duty-trucks-2035/#respond Thu, 06 Jan 2022 19:48:15 +0000 https://evglobe.com/?p=14505 General Motors (GM) will be quite late to the electric pickup truck party since the Silverado EV won’t hit the market until the spring of 2023. In the meantime, Ford is preparing to start customer deliveries of the F-150 Lightning. Yes, we know the GMC Hummer EV is being shipped as we speak, but only […]

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General Motors (GM) will be quite late to the electric pickup truck party since the Silverado EV won’t hit the market until the spring of 2023. In the meantime, Ford is preparing to start customer deliveries of the F-150 Lightning. Yes, we know the GMC Hummer EV is being shipped as we speak, but only the $110,295 Edition 1 with all the bells and whistles. The cheaper EV3X won’t arrive until this fall, and that one too will be expensive, at $99,995. EV2X will follow from spring 2023 at $89,995 before the base EV2 will be launched in spring of 2024 with a $79,995 sticker price.

In the long run, GM aims to offer fully electric versions of all its light-duty pickups by 2035. Speaking yesterday during CES 2022 in Las Vegas, head honcho Mary Barra mentioned heavy-duty pickups without a combustion engine will also arrive by the middle of the next decade. She refrained from going into any specific details, only saying they’ll be developed to offer “effortless heavy-duty hauling and towing.” She went on to add that “amazing new features” are planned, plus a range long enough to “get the toughest jobs done.”

As to which heavy-duty trucks will be getting the zero-emissions treatment, the Silverado 2500 HD and/or 3500 HD seem like an educated guess, as does the GMC Sierra HD. These purely electric workhorses are part of a wider GM strategy to launch more than 30 EVs by 2025, according to the statement made at CES by GM CEO Mary Barra.

The promised proliferation of electric light- and heavy-duty trucks won’t necessarily spell the end of the equivalent gasoline and diesel versions if we were to rely on a statement made by a company official. Per GM North America president Steve Carlisle, the North American automotive conglomerate wants to “win wherever we are competing and irrespective of propulsion system.”

With the competition in the EV light-duty truck heating up, it’s a matter of when rather than if regarding heavy-duty pickups becoming the next battlefield for automakers.

Source: General Motors

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2024 Chevy Silverado EV RST First Edition sold out in 12 minutes https://evglobe.com/2022/01/06/2024-chevy-silverado-ev-rst-first-edition-sold-out-12-minutes/ https://evglobe.com/2022/01/06/2024-chevy-silverado-ev-rst-first-edition-sold-out-12-minutes/#respond Thu, 06 Jan 2022 19:14:36 +0000 https://evglobe.com/?p=14495 Chevrolet introduced the Silverado EV at the CES 2022 event in Las Vegas yesterday when it also opened a dedicated page on its website for early adopters to reserve one. Preliminary signs are showing the electric pickup truck will be a commercial success since all RST First Edition examples were spoken for in just 12 […]

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Chevrolet introduced the Silverado EV at the CES 2022 event in Las Vegas yesterday when it also opened a dedicated page on its website for early adopters to reserve one. Preliminary signs are showing the electric pickup truck will be a commercial success since all RST First Edition examples were spoken for in just 12 minutes. General Motors CEO Mary Barra made the interesting disclosure in an interview for Bloomberg Technology.

It’s a bit of a surprise people rushed in to get one seeing as how it costs a whopping $105,000 before destination charges and any applicable EV incentives. The thing is, Chevy did not specify how many of these First Editions will be built, so the fact it’s sold out doesn’t necessarily mean there’s great demand for it. We will have to wait and see how many will be built to cast our final judgment regarding the First Edition’s popularity.

In addition, we should point out making a reservation is not the same thing as placing an order. To put your name on the list, all you must do is make a $100 deposit, which Chevy says is fully refundable. Time will tell how many of these reservations will be converted to firm orders once the company with the bowtie emblem will begin the process.

Even though the RST First Edition is “sold out,” you can still reserve one on the company’s website. Chevy is fully aware some people will bail out and ask for a refund, thus allowing other customers to get in line for the electric fullsize truck. The Silverado EV will initially hit the market from spring 2023 in the fleet-oriented WT trim priced from an estimated $39,900 before the much more expensive limited-run model will arrive later that fall. As previously reported, an offroad-focus Trail Boss is also planned.

Should you want a non-First Edition RST, Chevy’s website shows it won’t be available until summer 2024…

Source: Bloomberg Technology

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2024 Chevrolet Silverado EV Trail Boss previewed with off-road upgrades https://evglobe.com/2022/01/05/2024-chevrolet-silverado-ev-trail-boss/ https://evglobe.com/2022/01/05/2024-chevrolet-silverado-ev-trail-boss/#respond Wed, 05 Jan 2022 22:35:55 +0000 https://evglobe.com/?p=14476 After previewing the 2024 Equinox EV and announcing the 2024 Blazer EV, Chevrolet has another surprise in store for us from CES 2022 in Las Vegas. Out of nowhere, the company with the bowtie emblem revealed a sole image depicting the 2024 Silverado EV in the off-road-ready Trail Boss trim level. This will join the […]

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After previewing the 2024 Equinox EV and announcing the 2024 Blazer EV, Chevrolet has another surprise in store for us from CES 2022 in Las Vegas. Out of nowhere, the company with the bowtie emblem revealed a sole image depicting the 2024 Silverado EV in the off-road-ready Trail Boss trim level. This will join the previously revealed $105,000 RST First Edition with its potent 664-horsepower setup and the fleet-oriented $39,900 WT.

You can tell it’s the rugged version by the more generous ground clearance in the same vein as the Colorado Trail Boss and Silverado 1500 Trail Boss trucks. Meaty all-terrain tires are also on the menu for the adventurous Silverado EV, and so is additional black plastic body cladding. We can easily observe the pair of tow hooks finished in red, and we’d wager the wheels are smaller than the 24-inch set announced for the RST.

It goes without saying Chevy will fit the Trail Boss with dual electric motors as standard to give the outdoorsy truck an all-wheel-drive setup. Some goodies from the GMC Hummer EV could trickle down to the Silverado EV Trail Boss as we’re expecting locking differentials and perhaps even the Crab Walk mode.

While the regular version will cover up to 400 miles on a single charge, there is a pretty good chance the Trail Boss won’t be able to match that because of its chunkier tires. The RST First Edition and WT will be the first to go on sale in 2023, but the third trim level with its lifted suspension and other mods should not be too far behind.

All things considered, the battle in the electric pickup truck segment is certainly heating up. It seems more and more automakers are expanding their EV offerings to match their ICE lineups. However, Chevy seems a bit too eager to announce new zero-emissions products since these won’t be going on sale until later in 2023.

Source: Chevrolet

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2024 Chevrolet Blazer EV announced by GM CEO Mary Barra https://evglobe.com/2022/01/05/2024-chevrolet-blazer-ev-announced/ https://evglobe.com/2022/01/05/2024-chevrolet-blazer-ev-announced/#respond Wed, 05 Jan 2022 20:23:30 +0000 https://evglobe.com/?p=14430 It certainly has been a busy day for General Motors and Chevrolet since after the 2024 Silverado EV reveal and the 2024 Equinox EV preview, a third electric model is now being announced. GM CEO Mary Barra made the surprise announcement about launching a Blazer EV while speaking at the company’s press conference at CES […]

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It certainly has been a busy day for General Motors and Chevrolet since after the 2024 Silverado EV reveal and the 2024 Equinox EV preview, a third electric model is now being announced. GM CEO Mary Barra made the surprise announcement about launching a Blazer EV while speaking at the company’s press conference at CES 2022 in Las Vegas.

While we have full details about the Silverado EV and some info regarding the Equinox EV, the Blazer EV is shrouded in mystery for the time being. All we know from GM’s head honcho is this: “Priced right with a high level of refinement and options, the Blazer SUV will also be available in 2023.” That said, we can safely assume it will be bigger than the all-electric Equinox (pictured here) given the positioning in the range of the gasoline-fueled models.

It’s going to cost more than the estimated $30,000 GM will be asking for the Equinox EV and we think it will also be significantly more expensive than the entry-level $33,400 Blazer equipped with a combustion engine. That “high level of options” statement made by Mary Barra suggests customers might be able to pick from several trim levels, battery packs, and possibly between one or two electric motors for two- or all-wheel drive.

Since we mentioned the battery, the Blazer EV could have a little bit more range to offer than the Equinox EV, but nothing is official at this point. It seems unlikely there will be major differences in terms of range between the two, so expect roughly 300 miles or at least higher than the 247-mile Bolt EUV. It remains to be seen whether it too will ride on the Ultium platform as the Equinox EV, Silverado EV, GMC Hummer EV pickup truck/SUV, and the Cadillac Lyriq.

Announcing these two new electric crossovers seems a bit too early since they won’t go on sale until later in 2023, but GM wants to make sure everyone knows it won’t be falling (too much) behind other automakers.

Source: Chevrolet

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2024 Chevrolet Equinox EV announced with $30,000 starting price https://evglobe.com/2022/01/05/2024-chevrolet-equinox-ev-30000-dollars-price/ https://evglobe.com/2022/01/05/2024-chevrolet-equinox-ev-30000-dollars-price/#respond Wed, 05 Jan 2022 19:57:30 +0000 https://evglobe.com/?p=14414 In a surprise move, Chevrolet’s unveiling of the 2024 Silverado EV today at CES 2022 in Las Vegas is coming along with the first images and details of the Equinox EV. The fully electric compact crossover is also earmarked for the 2024 model year since it won’t be going on sale until fall 2023. It’s […]

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In a surprise move, Chevrolet’s unveiling of the 2024 Silverado EV today at CES 2022 in Las Vegas is coming along with the first images and details of the Equinox EV. The fully electric compact crossover is also earmarked for the 2024 model year since it won’t be going on sale until fall 2023. It’s going to kick off at a GM-estimated $30,000 and will be available in retail and fleet configurations.

Much like the Silverado EV, it will ride on the Ultium platform that has already underpinned the GMC Hummer EV pickup truck and SUV along with the Cadillac Lyriq. Details are scarce for the time being, but we do know the new zero-emission crossover is going to be offered in LT and RS trim levels, with the latter being the stylish red car featured here.

While the lesser Chevy Bolt EUV comes exclusively with a front-wheel-drive layout, logic tells us the 2024 Equinox EV will be optionally offered with AWD courtesy of dual motors. Consequently, that will come along with a lot more power than the 200 hp and 266 lb-ft of torque offered by the Bolt. As far as the battery is concerned, we are expecting it to have enough juice for somewhere in the region of 300 miles, but nothing is official at this point.

As far as the design is concerned, it certainly looks sleek and follows recent EV trends by adopting an LED light bar at the front along with pop-out door handles. Typical for a vehicle built on a dedicated electric car platform, it has short overhangs and a longer wheelbase than crossovers of this size equipped with combustion engines.

Inside, Chevy will be fitting a large infotainment to join the digital instrument cluster while still keeping separate traditional controls for the climate settings and other useful functions. The light bar in the upper rim of the steering wheel suggests the 2024 Equinox EV will be offered with Super Cruise. Images of the rear compartment have not been published, but since it’s underpinned by the Ultium architecture, chances are it has a completely flat floor for ample legroom.

The Equinox EV will be quite late to the party considering the Ford Mustang Mach-E, Volkswagen ID.4, and the Tesla Model Y are all on sale today. Chevy isn’t saying anything about the conventionally powered crossover, which can only mean the gasoline-fueled crossover will stick around and is going to be sold alongside the purely electric model.

Source: Chevrolet

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2024 Chevrolet Silverado EV revealed: 400 miles range, 664 horsepower https://evglobe.com/2022/01/05/2024-chevrolet-silverado-ev-specs-photos/ https://evglobe.com/2022/01/05/2024-chevrolet-silverado-ev-specs-photos/#respond Wed, 05 Jan 2022 17:15:07 +0000 https://evglobe.com/?p=14376 It won’t hit the market until spring 2023, but here it is, the 2024 Chevrolet Silverado EV. The fully electric pickup truck was subjected to a lengthy teaser campaign last year and now it’s finally breaking cover in Las Vegas at CES 2022. Mechanically related to the GMC Hummer EV, the zero-emission workhorse will be […]

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It won’t hit the market until spring 2023, but here it is, the 2024 Chevrolet Silverado EV. The fully electric pickup truck was subjected to a lengthy teaser campaign last year and now it’s finally breaking cover in Las Vegas at CES 2022. Mechanically related to the GMC Hummer EV, the zero-emission workhorse will be offered only in the Crew Cab body style with a short front overhang thanks to the dedicated electric platform.

Much like the Hummer and the Cadillac Lyriq, the Silverado EV rides on General Motors’ Ultium platform and boasts a 5-foot-11-inch bed, plus a Multi-Flex Midgate for added practicality. The latter offers a little over nine feet of extra storage between the cab and the tailgate when the Midgate is open. In addition, the rear seats have a 40:60 split-folding configuration, and Chevy will also offer a tonneau cover to hide your valuables.

The flagship version will go by the name of RST First Edition and will have all the bells and whistles, including all-wheel steering, a powered tailgate, the aforementioned Midgate, and automatically adaptive air suspension. Oh, and gargantuan 24-inch wheels. You’ll also be getting a 17-inch for the infotainment system joined by an 11-inch driver’s display and a 14-inch head-up display.  The range topper will come along with Super Cruise, GM’s hands-free driver assistance system with support for more than 200,000 miles of roads across the United States and Canada.

The RST First Edition will be one of the two trims available initially, along with the fleet-oriented WT. While the budget-friendly version will make do with 510 horsepower and 615 pound-feet of torque, the more expensive trim will up the power ante to a whopping 664 hp and more than 780 lb-ft courtesy of a so-called Wide Open Watts Mode. The RST-spec model with its punchier setup will do 0 to 60 mph in less than four and a half seconds.

Being first and foremost a truck, you are probably interested in the towing capacity. The WT will be able to tow 8,000 pounds (10,000 for RST) and offer a maximum payload of 1,200 pounds (1,300 for RST). A max tow package for the fleet model will follow and it’s going to deliver an impressive 20,000 pounds max trailering. Both the WT and RST will get a Tow/Haul mode, integrated trailer brake controller, hitch guidance, and trailer hitch provisions. The more expensive variant also is going to pack an Advanced Trailering System.

The size of the battery pack has not been disclosed, but Chevy says the 2024 Silverado EV will offer more than 400 miles on a single charge, according to internal estimations for both trim levels. Once you’re out of juice, it will take only 10 minutes to add 100 miles of range, provided you’ll be charging the truck at its maximum power of 350 kW.

It should be mentioned the pickup will come with bidirectional charging, meaning it will send power from the battery to various tools and even light up your home in case the neighborhood goes dark. In addition, the truck will have as many as 10 outlets with a total power of 10.2 kW and will be able to charge other EVs with the right accessory charge cord.

Let’s talk pricing. The 2024 Chevrolet Silverado EV RST First Edition will cost $105,000 plus destination charges. The WT is going to set you back $39,900, with RST, Trail Boss, and other trim levels to follow in due course with prices varying from $50,000 to $80,000. The company with the bowtie emblem is already accepting reservations at Chevrolet.com.

Source: Chevrolet

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2023 Chevy Silverado E will be unmatched, says GM CEO Mary Barra https://evglobe.com/2021/12/12/2023-chevy-silverado-e-unmatched-gm-ceo/ https://evglobe.com/2021/12/12/2023-chevy-silverado-e-unmatched-gm-ceo/#respond Sun, 12 Dec 2021 05:59:48 +0000 https://evglobe.com/?p=13344 Along with the purely electric GMC Sierra, the Chevy Silverado E is set to enter production in early 2023 at the overhauled Factory Zero assembly plant located in Michigan. Speaking with CNBC about the latter of the two zero-emissions pickup trucks, General Motors CEO Mary Barra described it as being “unmatched” in its segment. Earlier […]

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Along with the purely electric GMC Sierra, the Chevy Silverado E is set to enter production in early 2023 at the overhauled Factory Zero assembly plant located in Michigan. Speaking with CNBC about the latter of the two zero-emissions pickup trucks, General Motors CEO Mary Barra described it as being “unmatched” in its segment. Earlier this year, she said it’s going to be a “stunning” truck.

It’s an interesting comment seeing as how the vehicle will be quite late to the party, arriving after the Ford F-150 Lightning, Rivian R1T, and quite possibly after the Tesla Cybertruck as well. Ahead of its of its official reveal in January 2022 at CES in Las Vegas, we are being told the Silverado E will “educate people on what you can do with an electric truck when you have an electric truck platform.”

Reading between the lines, Barra’s comment was a subtle dig at Ford since its F-150 Lightning is not riding on a bespoke EV architecture, but rather on an electric adaptation of the combustion-engined fullsize truck. In other words, GM claims the Silverado E won’t have the packaging constraints usually associated with vehicles that switch to electric power while using the bones of an ICE truck.

The statement was made by GM’s top brass while speaking at the Automotive Press Association meeting in Detroit, claiming the Silverado without a combustion engine will make a “big difference” in the truck segment. It should be a similar story with the GMC Sierra sister model, with the two to be built alongside the GMC Hummer EV pickup and SUV.

While the Hummer is aimed squarely at high-end buyers looking for a posh lifestyle vehicle, the Silverado E and Sierra E will primarily be electric workhorses with a much lower price tag to compete with the electric F-150. As previously mentioned, the Lightning is a huge hit as Ford has racked up 200,000 reservations, which will be enough to keep the Blue Oval busy for a couple of years provided most of these reservations will be converted into firm orders.

Source: CNBC

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Chevy Silverado EV pickup truck production starting early 2023 https://evglobe.com/2021/12/09/chevy-silverado-ev-pickup-truck-production-starting-early-2023/ https://evglobe.com/2021/12/09/chevy-silverado-ev-pickup-truck-production-starting-early-2023/#respond Thu, 09 Dec 2021 20:09:29 +0000 https://evglobe.com/?p=13298 Even though General Motors will unveil the Chevrolet Silverado EV on January 5, 2022, in Las Vegas at CES, production of the all-electric pickup truck won’t start until the beginning of 2023. The disclosure was made by a top GM executive, with Doug Parks revealing the timing during the recent Deutsche Bank’s AutoTech Conference. In […]

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Even though General Motors will unveil the Chevrolet Silverado EV on January 5, 2022, in Las Vegas at CES, production of the all-electric pickup truck won’t start until the beginning of 2023. The disclosure was made by a top GM executive, with Doug Parks revealing the timing during the recent Deutsche Bank’s AutoTech Conference.

In the meantime, Ford is taking all the measures to kick off the assembly of the F-150 Lightning for which it has registered no fewer than 200,000 reservations, not including fleet orders. In addition, the zero-emissions Silverado will have to fight the Rivian R1T and the much-hyped Tesla Cybertruck. Chevy’s pickup will benefit from GM’s Ultium batteries and is expected to offer more than 400 miles (644 kilometers) of range.

Much like the GMC Hummer EV and its innovative Crab Walk mode, the Silverado without a combustion engine is going to benefit from rear-wheel steering to lower the turning radius and make the large truck more maneuverable compared to its gas-fueled counterpart. Speaking of which, the EV version might not necessarily be a direct equivalent of the ICE-powered vehicle, according to a statement made earlier this year by GM North America President Steve Carlisle in an interview with Automotive News.

Since we mentioned the Hummer, it’s worth pointing out both the pickup and the SUV are going to be assembled at GM’s Factory Zero in Detroit where the Silverado EV will be manufactured as well. Regarding power, logic tells us it won’t match the four-digit output of the top-tier Hummer, but even the base model should have roughly 500 hp on tap.

All-wheel drive will be standard across the range while the battery pack could be as big as 200 kWh. It’s been previously described by GM CEO Mary Barra as being “just stunning,” with the concept version heading to CES on 24-inch wheels while featuring a large moonroof. Pricing details have not been announced, although some believe the entry-level trim will set you back anywhere between $40,000 to $50,000.

Source: Automotive News

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