Others don’t understand how Chevrolet originally planned to sell the Silverado EV. We criticized it because it didn’t look like the gasoline-powered version, had an Avalanche-like shape, and didn’t say who its target market was. Dealers are also having a hard time with money because they are offering discounts of up to $16,000 off the original price of the ruggedly luxurious midscale super work truck. This might seem like a small deal since the First Edition RST is the only model that can be chosen on the store website’s setup. You can only change the color of the prime trim, which starts at $96,495 (destination fee included). Other than that, you can only change a little else. With the WT trim now available for sale, the Silverado EV is priced competitively between $68,900 and $80,445, making the $ 16,000 discount seem like a fair deal. The inclusion Of dealership special offers, factory incentives, and rebates further sweetens the deal, reassuring potential buyers about the truck’s affordability. The $7,500 federal tax credit for new EVs is no longer available for GM cars, but it is still available for the Bolt EV and the EUV. To compensate, the automaker decided to give its own EV incentive equal to the federal amount. That’s most likely what “factory incentives” mean in legalese. The Silverado EV, the full-size electric truck you’ve been dreaming of, packs a punch with its impressive 510 hp and 834 lb-ft of torque. With an EPA-estimated range of 420 miles for the 3WT and 450 miles for the 4WT, it outperforms the Ford F-150 Lightning in terms of range. The RST, with its 754 horsepower and 785 pound-feet of torque, is a powerhouse. Both the RST and the 4WT can tow up to 10,000 pounds and carry up to 1,500 pounds, making them versatile and powerful. When benefits are taken into account, a Chevy EV truck that costs about $50,000 could compete directly with the Ford F-150 Lightning and the Rivian R1T. The Ford still qualifies for the full federal tax credit, even though Rivian grades that cost less than $80,000 MSRP are the only ones that can get the $3,750 federal EV tax credit. However, only time will tell if Chevy’s price cuts are big enough to bring customers—any customers—to the Silverado EV.
