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GM’s EV Trucks Bombed, So Dealers Are Offering Huge Discounts

  • Dealers are slapping big discounts on slow-selling GM electric trucks.
  • A new 2024 model has been marked down by more than $21,000.
  • Many trucks have been transformed into courtesy transportation vehicles.

General Motors had high hopes for electric trucks, so they went all in with a Chevrolet Silverado EV as well as two GMC pickups. Unfortunately for them, they’ve all been a massive flop.

The sales chart paints a brutal picture as Silverado EV sales have plunged 32.5% through the first six months of the year. Dealers have only sold 3,672 units, and that equates to a mere 612 per month.

More: North America Cratered And Even China Fell, Dragging Global EV And PHEV Growth To 0.9%

While Sierra EV sales were up 9.8% to 3,044 units, those gains were more than offset by a huge drop in demand for the GMC Hummer EV lineup. Sales of the truck and SUV plunged 54.9% through June to 3,601 vehicles.

Adding all those sales up results in a mere 10,317 units. To give you an idea of how bad that is, Chevrolet found 25,418 buyers for the ancient Express van.

 GM’s EV Trucks Bombed, So Dealers Are Offering Huge Discounts

Given low sales and lackluster demand, it’s no surprise that dealers are offering huge discounts on the Silverado EV. One of the biggest appears to be from Carr Chevrolet, which still has a 2024 model on their lot. To get rid of the work truck, the $75,345 pickup has been given a hefty $21,396 discount. This lowers the cost of entry to $53,949 before a $250 document fee.

McCarthy Chevrolet in Lee’s Summit, Missouri, also has a relic from 2024. In this case, it’s an upscale RST which stickered for $96,995. However, even after a $15,000 discount, it still feels overpriced at $81,995.

If you’d rather not have an electric truck that dates back to the Biden administration, Advantage Chevrolet of Hodgkins, Illinois, has an $8,589 discount on their 2026 Silverado EV LT Max Range. Since the model originally stickered for $95,584, buyers can now get it for $86,995.

 GM’s EV Trucks Bombed, So Dealers Are Offering Huge Discounts

It’s a similar story at Clay Cooley Chevrolet in Texas, where pricing on a 2026 Silverado EV LT has been slashed by $9,000. That lowers the cost of entry to $53,995.

If you’d rather opt for the more attractive Sierra EV, there are plenty of discounts to be found. AutoNation Buick GMC Corpus Christi is offering $10,565 in savings on a 2026 Elevation Extended Range. This lowers the price tag from $79,335 to $68,770.

 GM’s EV Trucks Bombed, So Dealers Are Offering Huge Discounts

Covert Buick GMC has knocked $7,000 off the price of their Sierra EV Elevation Extended Range. It now stickers for $60,685 before a $225 document fee.

Those are just a few examples, but there are countless others out there. As a result, it pays to shop around and haggle. It’s also worth noting that a number of dealers appear to be putting the EVs into service as courtesy transportation vehicles.

 GM’s EV Trucks Bombed, So Dealers Are Offering Huge Discounts

Ford Already Backed Away From One EV Truck, Now GM Is Backing Away From Four

  • GM reportedly pauses next-gen full-size electric truck development.
  • Gas V8s, hybrids and range extenders are suddenly more important.
  • Current-generation EV trucks stay alive, but future refresh looks hazy.

General Motors spent years telling us electric pickups were the next great American migration. Now the convoy appears to have missed an exit because reports claim GM has indefinitely paused development of its next-generation full-size EV trucks.

According to a piece by Crain’s Detroit, GM had been developing updated and lower-cost successors for the electric Chevrolet Silverado EV, GMC Sierra EV, Cadillac Escalade IQ, and GMC Hummer EV lineup, with production previously targeted for 2028.

Related: GM Pauses Production Of Two Hyped-Up EVs, Sending 1,300 Workers Home

But suppliers were reportedly told the program has been halted, with no replacement timeline offered. Industry watchers now don’t expect fresh full-size GM electric trucks before 2030, and they could end up arriving much later.

That doesn’t mean GM’s current EV trucks are dead. Existing models will continue rolling out of the under-utlilized Factory Zero in Detroit-Hamtramck, the story says, and experts think the Escalade IQ is important enough to Cadillac’s plans to keep in production. But it does suggest GM wants to spend more R&D time and money on products customers are actually buying in larger numbers right now. Ones that run on gasoline.

The company is said to be redirecting resources toward its upcoming T1-2 internal-combustion truck platform, which is expected to power future full-size pickups and SUVs. Orion Assembly, once earmarked for electric trucks, and now thriving after switching to ICE versions, is now reportedly preparing for future gas-powered models.

Hybrids And Range Extenders

 Ford Already Backed Away From One EV Truck, Now GM Is Backing Away From Four

Crain’s Detroit sources also claim plug-in hybrid versions of the Silverado and Sierra are in the mix, while GM has discussed range-extended EV tech with suppliers. It’s an idea rivals are already chasing. Ram is expected to launch a range-extended pickup first, while Ford has signaled similar plans after backing away from the idea of renewing the all-electric F-150 Lightning.

No More Federal Handouts, Or Directives

None of this is happening in a vacuum. EV tax credits have been rolled back, emissions rules have softened, and demand for expensive electric pickups hasn’t exactly set sales charts on fire. Big batteries and six-figure stickers remain a hard sell for many truck buyers, though GM refused to comment on the report that its EV plans have been axed.

“We have not disclosed any potential plans or timing for any next-generation battery electric trucks and we’re not going to engage in speculation,” a GM spokesperson told Crain’s Detroit.

GM still says the long-term destination is electric, and it probably is. But right now, Detroit’s most profitable vehicles are trucks, and trucks and their buyers can’t kick their gasoline habit.

 Ford Already Backed Away From One EV Truck, Now GM Is Backing Away From Four

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