2024 Chevy Silverado EV Won't Start at $40K After All

The 2024 Chevrolet Silverado EV was originally expected to start at $40,000 for the basic work truck model. However, high inflation reigns supreme and auto prices are rising across the market. Now, it looks like the first electric Silverado will have an altogether different pricing structure when it launches later this year.

The biggest change to the pricing structure is the base model has jumped up to the $50,000 range. "Customers will have the ability to content the truck across various price ranges, with MSRPs starting from $50,000, $60,000, $70,000, $80,000 and more," reads Chevrolet's press release.

The problem in part lies with the current state of the economy. Inflation has been high across the world. The sums that worked out when Chevrolet announced the $40,000 truck in early 2022 are no longer looking as peachy. 18 months is now a long time when it comes to automotive pricing. To keep the business case solid for the Silverado EV, it appears the automaker has had to bump the figures.