General Motors announced record earnings today, disclosing its Q4 2021 results. 2021 full-year earnings include a net income of $10 billion, EBIT-adjusted of $14.3 billion, net income margin of 7.9%, EBIT-adjusted margin of 11.3%, EPS-diluted of $6.70 and EPS-diluted-adjusted of $7.07. The automaker’s full-year net income, EBIT-adjusted, EBIT-adjusted margin and EPS measures are all records. And in a letter to shareholders, General Motors CEO Mary Barra disclosed the total amount of Chevrolet Silverado EV Reservations, at over 110,000.
“More than 110,000 Silverado EVs are reserved so far, including reservations from more than 240 fleet operators, and the numbers keep growing,” reads a prepared statement. Reservations require a $100 USD deposit.
Chevrolet Silverado EV RST First Edition
The 2024 Chevrolet Silverado EV RST First Edition is expected to put out a minimum of 664 horsepower and 780 lb-ft of torque from its 24-module Ultium battery pack that shares much commonality with the GMC Hummer EV. All of this power – more than even a Camaro ZL1 – is accessible through the Silverado EV’s Wide Open Watts Mode, or WOW Mode. Yes, it works like the Hummer’s Watts To Freedom Mode, or WTF Mode, which sequences the truck to slingshot itself to 60 mph as fast as possible. In this case, the Silverado EV RST First Edition is said to do 0-60 in just 4.5 seconds. A top speed has not been disclosed.
The 2024 Chevrolet Silverado EV RST First Edition features DC fast charging capabilities of up to 350 kW, enabling approximately 100 miles of range to be added in 10 minutes based on preliminary GM estimates. Total driving range for the Silverado EV RST is GM-estimated at 400 miles, but the EPA will have the final say on the matter, should the new electric truck be classified as a Light Duty vehicle.
The 2024 Chevrolet Silverado EV RST First Edition carries an MSRP of $105,000 USD.
Chevrolet Silverado EV Work Truck
Before GM begins production of the Chevrolet Silverado EV RST First Edition, it will first begin production of a fleet-only Silverado EV Work Truck.This electric Silverado variant is expected to deliver 510 hp and 615 lb-ft of torque, and promises an estimated 400-mile range from a full charge. 8,000 lbs of towing capacity and 1,200 lbs of payload. A Max Tow package will be announced sometime after launch which will bump the trailing figure up to 20,000 pounds max towing. Which is pretty incredible for an electric truck.
Fleet customers will get first dibs on the Silverado EV WT, which will begin production in spring of 2023. By the summer of 2024, the electric Silverado work truck will be made available to retail customers, and will carry an MSRP of $39,000 USD.
Chevrolet also confirmed a non-First Edition Silverado EV RST, while an off-road oriented Trail Boss was also teased. It’s unclear if the Silverado EV Trail Boss will share any hardware with the Hummer EV, but we wouldn’t be surprised if it did. Pricing has not been announced for the Trail Boss. As for other variants, such as a ZR2, or a High Country, only time will tell.