GM is adding an electric Chevrolet Silverado pickup truck to its lineup, as the automaker pushes to deliver more than 1 million electric vehicles globally by 2025.
GM President Mark Reuss said Tuesday that the Chevrolet Silverado electric full-size pickup will be based on the automaker's Ultium battery platform and will have an estimated range of more than 400 miles on a full charge. It should be noted this is GM's forecast not an official EPA figure.
GM is positioning the full-sized pickup for both consumer and commercial markets. Reuss said that retail and fleet versions of the Silverado electric pickup will be offered with a variety of options and configurations.
"I'm particularly excited about its potential in the fleet and commercial space, a crucial part of the EV market, especially initially," Reuss said during a presentation at the company's Factory ZERO assembly plant in Detroit and Hamtramck.
The electric Silverado will go head to head with Ford's upcoming electric F-150. While new EV entrant Rivian is not going after the commercial market, its electric R1T pickup will also provide competition in the space. Rivian is expected to begin deliveries of its electric R1T pickup truck this summer.
The news also follows a string of announcements over the past 18 months, including the GM's Ultium battery platform and the launch of BrightDrop, an a new business unit to offer commercial customers — starting with FedEx — an ecosystem of electric and connected products. BrightDrop will begin with two main products: an electric van called the EV600 with an estimate range of 250 miles and a pod-like electric pallet dubbed EP1.
Last year, GM committed more than $27 billion to EV and AV product development, including $7 billion in 2021 and plans to launch 30 EVs globally by the end of 2025, with more than two-thirds available in North America.
Reuss said that the company will build the Silverado electric pickup truck at the company's Factory ZERO assembly plant in Detroit and Hamtramck, Michigan. He confirmed that the GMC Hummer EV SUV, which was unveiled over the weekend, will also be built at the factory. GM renamed its Detroit-Hamtramck assembly plant "Factory ZERO" in October 2020 and later said it would invest $2.2 billion in the factory to produce a variety of all-electric trucks and SUVs.
The facility, which is is undergoing a complete renovation and retooling and has expanded to more than 4.5 million square feet, will also produce the GMC Hummer EV pickup and the Cruise Origin, a purpose-built, all-electric and shared self-driving vehicle. Production of the GMC Hummer EV pickup will begin later this year.