2022 GMC Hummer EV Sport Utility Truck “Edition 1”
DETROIT – General Motors confirmed on Monday that it will offer at least three large electric pickup trucks in the coming years as excitement about the segment continues to grow.
The Detroit-based automaker’s latest announcement is a full-size electric pickup truck for its GMC truck and SUV brand. It is followed by the GMC Hummer EV, which is expected to ship later this year, and the confirmation of an electric Chevrolet Silverado in April.
“I am very confident that GMC will be a big winner in this area,” said Duncan Aldred, GMC’s global director, during a digital media event Monday. Aldred said the vehicle was “fairly advanced” in its planning but declined to disclose the vehicle’s timing.
General Motors plans to produce an all-electric Chevrolet Silverado pickup at its new flagship electric vehicle assembly plant, which is under construction in Detroit. The automaker posted this teaser image of the vehicle name with an “E” highlighted in blue.
The full-size GMC electric pickup is expected to be more of a traditional pickup than a “lifestyle” vehicle like the upcoming GMC Hummer EV, which costs between roughly $ 80,000 and $ 111,000. Aldred declined to say if the new pickup will be named Sierra – the name of his current full-size traditional pickup.
The electric pickups are part of GM’s plan to launch 30 new electric vehicles worldwide by 2025 to invest $ 35 billion in electric and autonomous vehicles. Until then, the company wants to sell at least 1 million electric cars a year – on the way to becoming a fully electric car manufacturer by 2035.
GM is expected to be among the first automakers to offer an electric pickup later this year. Others are electric vehicle startups like Rivian and Lordstown Motors, followed by Tesla and Ford Motor later this year, possibly next year, through mid-2022. Stellantis, formerly Fiat Chrysler, recently confirmed it will have an electric ram by 2024 -Pickup will offer.
Despite the amount of electric pickups expected in the coming years, it remains a completely untested market. No major automaker has ever sold such a vehicle.
Automakers are optimistic in this segment due to the popularity of pickup trucks with fleet / commercial buyers as well as the amount of reported consumer reservations for the vehicles already featured.
Less than a year after its debut, Tesla announced in September that it had received well over 500,000 orders for its Cybertruck. Ford announced this month that it has received more than 100,000 reservations for its F-150 Lightning electric pickup since the vehicle debuted in mid-May. Orders are $ 100 deposits that are fully refundable so they may not convert directly into sales.
“Are we confident that we can win in this environment? Absolutely we do. I think we’re already showing our excellence in electrification; that’s what we did through Hummer EV,” said Aldred.
– CNBC’s Lora Kolodny contributed to this article.
Correction: GM will invest $ 35 billion in electric and autonomous vehicles through 2025. In an earlier version the amount was incorrectly stated.