GMC Hummer EV Has Become Pricier: Will Be the Demand Affected?

GMC Hummer EV Has Become Pricier: Will Be the Demand Affected?

An already expensive GMC Hummer EV has risen in price from today and now costs $86,645-106,645 including a destination charge.

The manufacturer has raised the price of the GMC Hummer EV pickup and  SUV by $6,250 starting from June 18, 2022. Orders placed before this date will see no price increase, CNBC reports.

GM says this rise is because of costlier raw materials and logistics issues. Other automakers, such as Tesla, Cadillac or Rivian, also had to raise the prices of their electric vehicles. So, the decision of General Motors on the Hummer EV’s cost is not a big surprise.

The company claims the reservations already topped 77,500, and this is beyond expectations. New orders for the pickup are unlikely to be fulfilled until 2024 due to the number of current reservations.

Availability

Since GMC has not officially changed its current production timeline, deliveries should begin according to the following schedule: EV3X pickup – fall 2022, EV2X pickup – spring 2023, EV2 pickup – spring 2024; Edition 1 SUV – early 2023, EV3X and EV2X SUV – spring 2023, EV2 SUV – spring 2024.

What We Think About GMC Hummer EV

Doubtless, the all-new 2022 GMC Hummer EV deserves attention, at least in terms of performance and engineering. Its acceleration (3 sec from 0 to 60 mph), horsepower (up to 1,000), torque (1,200 lb-ft), on- and off-road handling are great.

The interior is spacious and comfortable, there are many safety features and advanced tech, including a sleek intuitive infotainment system.

However, the Hummer EV has some drawbacks, when compared to rivals: price (too high), mediocre payload and tow capacity (7,500 lbs), and poor fuel efficiency for an EV (est. 51 MPGe in the city and 43 MPGe on the highway), a noisy cabin.

GMC Hummer EV vs Rivals

The Rivian R1T boasts 74/66 MPGe (city/highway), while the Tesla Model X is able to travel up to 107/97 miles per gallon equivalent. So, these two are more fuel-efficient choices.

The Hummer EV has a good range of 329 miles on a full charge that comes in line with the Ford F-150 Lightning. But the Ford truck has a far higher payload and towing capacity.

The Rivian R1T can go farther (up to 400 miles), it is quieter inside, has a higher payload rating, better towing capacity of 11,000 pounds, and offers more storage solutions for weekends.

Nevertheless, the GMC Hummer EV accelerates faster and has better off-road ability than Ford and Rivian vehicles.

GMC boss once said the Hummer EV was “a Level 2 Off-Road Vehicle, a very extreme capability vehicle on levels of premium.”


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