General Motors announces the GMC Sierra EV Denali in both an Extended Range version with 390 miles (628 km) of range, in addition to the available Max Range version with 460 miles (740 km) of estimated range.
The 2025 Sierra EV Denali produces 760 hp and 785 lb.-ft. (1,064 Nm) of torque in Max Power mode. The 800V DC public fast charging, capable at up to 350kW, enables up to 100 miles (161 km) of range in approximately 10 mins.
The Sierra Denali comes with Air Ride Adaptive Suspension, which provides the ability to raise or lower the truck by about 2 ins. (51 mm), and the MultiPro MidGate expandable bed, which offers room for hauling items nearly 11 ft. (3.3 m) long while still leaving room for a rear-seat passenger. The EV truck also achieves an available 10,500 lbs. (4,763 kg) max towing capacity..
In the first half of 2025, GMC expects to expand the GMC Sierra EV lineup with the addition of Elevation and AT4 models. The truck is arriving at dealers now with the Extended Range starting at $91,995 and the Max Range starting at $100,495.
The pace of growth for all-electric pickups is a bit unknown. Ford, for example, is offering significant incentives on the F-150 Lightning. The 2023 models come with up to $7,500 in cash rebates, making them particularly attractive to buyers. For the 2024 models, Ford is also offering 0% financing for up to 36 months with the option to extend financing with low rates (1.9% or 3.9%) for longer terms, which further reduces the cost for potential buyers. The truck also has deeply discounted leases.
Overall EV sales are flat in 2024, versus 2023, as consumers have slowed their adoption rate of EVs.
Buyers are balking at the high prices of EV pickups, and the Denali will be entering a chilly market at almost $100,000 for typical transaction prices. But GM is trying to cover demand at lower price points with the Chevrolet Silverado EV, a down-market version of which starts at $57,095. That truck's Extended Range LT model with 408 miles of range starts at $75,195.
The sweet spot for pricing an electric pickup truck probably falls between $40,000 and $60,000. This range is considered the balance between affordability for a mass-market audience and the necessary costs of producing a high-quality electric vehicle with adequate performance, range and features.
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