How much will the electric truck cost in 2024?
In 2024, electric pickup prices broadly ranged from roughly $40,000 for entry-level trims to well over $100,000 for premium configurations. The price you paid depended on the model, trim level, options, and where you bought it.
Pricing in 2024 reflected a patchwork of offerings. Buyers could choose from several mainstream models as well as luxury-oriented pickups, with price swings driven by battery capacity, features, incentives, and supply conditions. Federal and state incentives also influenced the total cost for eligible buyers, though eligibility varied by model and battery setup.
Prices in 2024: a snapshot
Below are representative price bands for popular electric trucks in 2024, recognizing that actual sticker prices fluctuated by trim, options, and location.
- Ford F-150 Lightning: commonly seen in the roughly $40,000 to $80,000 range depending on battery option and trim level.
- Chevrolet Silverado EV: typically priced from around the low $40,000s up to the mid-$70,000s for higher trims and options.
- Rivian R1T: tended to sit in the $78,000 to $100,000+ range, with higher-end configurations pushing toward six figures.
- GMC Hummer EV: positioned at the premium end, generally around $100,000 to $110,000+ before options.
- Tesla Cybertruck: announced base pricing near $39,900 with higher-trim options around $69,900, though deliveries were limited in 2024 while production scaled.
Note: These figures reflect sticker prices reported in 2024 and do not represent delivery fees, taxes, incentives, or regional differences. Actual out-the-door costs varied widely by dealer, location, and eligibility for incentives.
What shaped the price in 2024
Several forces shaped the sticker price and total ownership cost of electric trucks in 2024. Here is how buyers saw the market change across the year.
- Model and trim differences: more equipment and larger batteries drove price increases for higher-end variants.
- Battery chemistry and range: longer-range packs typically cost more, affecting the base price and options.
- Inflation and supply chain pressures: ongoing cost pressures rippled through manufacturing and dealer pricing.
- Incentives and tax credits: the Inflation Reduction Act offered tax credits for eligible electric trucks, influencing the after-incentive cost for buyers.
- Regional taxes, fees, and destination charges: taxes, title fees, and factory-to-dealer charges varied by state and region.
- Dealer pricing and market demand: strong demand in 2024 gave dealers leverage for add-ons and markups.
- Availability and models in production: some trucks faced delayed availability, which affected pricing dynamics and consumer options.
In practice, the price you could end up paying in 2024 depended on the specific truck, the configuration chosen, and the presence of any available incentives at the time of purchase.
How to estimate the total cost when shopping
When comparing electric trucks in 2024, buyers should consider not just the sticker price but the entire cost of ownership, including incentives, energy costs, and maintenance.
- Check the base MSRP for the exact trim and battery configuration you want.
- Factor in potential tax credits or incentives you qualify for, and verify current eligibility rules for trucks and battery sourcing.
- Include destination charges, taxes, and title fees in the out-the-door price.
- Estimate fuel/electricity costs based on your driving patterns and local electricity rates.
- Consider maintenance and warranty differences, which can affect long-term ownership costs.
For most buyers, the total cost of ownership in 2024 would depend on incentives, financing terms, and local energy costs, making apples-to-apples comparisons essential.
Summary
Electric pickups in 2024 covered a broad price spectrum—from affordable entry-level variants to premium, feature-laden trucks. While sticker prices anchor the discussion, the best financial picture depended on incentives, taxes, and ownership costs over time. Shoppers were advised to compare not just the sticker price but the total cost of ownership when evaluating which electric truck offered the best value for their needs.
What is the cheapest electric truck in 2024?
The 2024 Chevrolet Silverado EV has a starting price of $41,214, making it the most affordable option on KBB.com's list of best electric trucks of 2024.
Is Ford cancelling the lightning?
Ford is reportedly considering canceling the F-150 Lightning, but the decision is not final. Production was paused due to an aluminum supply shortage, and ongoing EV losses have led Ford to evaluate the future of the electric truck. While production is temporarily halted, there is no official announcement of cancellation yet.
- Production is paused: The F-150 Lightning assembly line at the Rouge Electric Vehicle Center is currently on hold, and Ford will not say when it will restart.
- Supply chain issues: A fire at a key aluminum supplier's plant caused a shortage, and Ford is prioritizing its more profitable gas and hybrid F-150s.
- Financial losses: Ford's electric vehicle division has been losing a significant amount of money, and the F-150 Lightning has been a major contributor to these losses.
- Uncertain future: The Wall Street Journal reports that Ford executives are in active discussions about ending the truck's production.
- Potential replacements: If production were to end, the F-150 Lightning might be replaced by a new vehicle built on the Universal Electric Vehicle (UEV) platform, according to MotorTrend.
How fast is the $2000 Chinese truck?
Chang Li Explorer specs Alibaba didn't exactly offer the most detailed specs, but this is what it gave us: Range – less than 100km Horsepower – less than 100km Charge time is 'slow' taking 8-10 hours Top speed – 45km/h (28mph) And yes, it actually drives.
Is GM really making a $8000 pickup truck?
No, GM is not making an $8,000 pickup truck; this is a false rumor likely originating from clickbait videos. GM's smallest truck, the Chevrolet Montana, is sold only in South America, and its price would be significantly higher than $8,000 in the U.S. even if it were imported.
This video discusses the GM $8,000 pickup rumor and its potential impact on the market: 58sGarage HeadsYouTube · Jun 1, 2024
- False rumor: The idea of an $8,000 pickup truck is a marketing tactic that has spread through sensationalist videos and online posts, often misattributing the claim to GM or Ford.
- Chevrolet Montana: GM does sell a small truck called the Chevrolet Montana, but it is designed for the South American market and is not sold in the United States.
- Pricing in the US: Even if the Montana were available in the US, its price would be much higher than $8,000 due to import taxes and other market factors.
- Actual GM trucks: GM's current trucks, such as the Chevrolet Silverado, have starting prices far above this amount, with prices ranging from roughly $30,000 to over $80,000 depending on the model and features.
