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There’s a lot to go over with Chevy’s Silverado EV, but what makes it really unique is the huge 200+kWh battery and the 450+ mile range that it provides. But that monster battery also has a few well disguised drawbacks, including putting the truck at a whopping 8500 lbs. Let’s dive in…

Chevy flew us out to Ann Arbor to learn about the Silverado EV work truck and then off to a local farm to see the Silverado in its native habitat, complete with country music and BBQ. There we got to tow a 10,000 lb. John Deere tractor, head out on some dirt roads, and drive the Silverado through some small towns with even smaller parking spots.

Then we got to speak to some of the experts on Chevy’s team about the nuances of this vehicle. There is a ton going on here, but by far the biggest differentiator between this vehicle and the competition is the huge battery and the subsequent 450+ miles of range. I use the ‘+’ because throughout most of the testing, I was seeing greater than 450 miles of range sometimes close to 500 miles in very normal around town usage, similar to what a fleet work truck would do in a typical day; obviously when towing, that range gets cut as much as in half. But when starting out so high, all of a sudden towing long distances becomes way less stressful.

The downside of that huge battery is the weight and size. The driving dynamics were super impressive however, even on dirt roads. Chevy recommends a surprisingly high 61 PSI on the wheels and ours were showing 63 PSIs, yet the ride was incredibly smooth. Still, however, you are schlepping around a 200kWh battery everywhere which consumes a lot of extra energy and the inertia of a 8500 lb. vehicle becomes all that much more dangerous in an accident.

Silverado EV has 50% more battery than F-150 Lightning or Rivian R1T

There’s no denying the standout feature of the Silverado Work Truck is its huge, honking 200+kWh battery. To put it into perspective, it is 50% bigger than Ford’s F-150 Lightning long range battery at 131kWh and double the under 100kWh standard range battery. That’s an extra vehicle battery on top of an F-150 Lightning battery (Chevy’s Bolt is 65kWh for instance). Rivian clocks in slightly higher at 135kWh but that’s a rounding error, and its upcoming Max battery pack still falls significantly short at 180kWh.

Ford vs Chevy vs Rivian

That incredible Silverado 450 mile range isn’t just from battery alone however. It has the same size battery as the GMC Hummer EV which has a 329 mile range.

Curiously, Chevy was super-coy about the battery size and kept saying it was different than the Hummer EVs though they did concede it as the same module and kWh spec.

How did Chevy eek out a whopping 121 miles from the same size battery?

Well first of all, the Hummer EV isn’t an exercise in efficiency. Its huge tires, gaping drag coefficient, removable roof and absurd 10,000 lb. weight make a lot of low hanging fruit when optimizing.

But Silverado also has smaller, more efficient (and one fewer) motors. So this isn’t a speed burner with a mid-5 second 0-60 but will be fine for just about anyone. When towing 10,000 lbs., however, I had an 11+ second 0-60 time which might be troublesome for getting on highways, especially uphill.

The aerodynamics aren’t just good but they made “one of the most efficient trucks ever” with a .331 drag coefficient. Rivian claims a lower flat, .3, but both are great aero trucks.

Silverado EV Work Truck also drops almost a literal ton of weight from the Hummer EV with some simplicity which also helps with cost savings. Also we saw up to 180kW of regeneration power when using the 1 pedal driving mode and even higher with a trailer attached. That adds up.

Chevy Pro Power on Board Offboard power

The power system for these EV trucks still fascinates me even if we’ve mostly “seen this before.”

Chevy basically replicated Ford’s extremely popular power station on board. It is a similar amount of power 10kW in similar places – Rear bed, Interior, charging port and Frunk (Chevy calls it the E-Trunk but even the experts, see above, were calling it a “frunk”).

Overall you get 10.2kW of power including a 30A, 7.2kW generator plug output that can manually backup your home at launch. Chevy is working on something similar to Ford’s automatic home backup through the charging port and expects to have something that will coincide with the launch of the RST at the end of this year.

For the moment, however, Chevy does have some cool charge port accessories like the 6kW charger cable that will charge another vehicle (one would assume you could also charge a vehicle using the 7.2kW generator port with an adapter). It also has some neat add-ons like charging port powerstrips with different charging options including the RV favorite NEMA TT-30 30A 110V plug.

To show its prowess, Chevy ran the two food trucks from its off board power, without breaking a sweat and barely registering on battery usage. This truck has enough power to run multiple food trucks for days while subtracting the traditional loud running, petroleum spewing power generation which isn’t a great pairing with food preparation and consumption.

Silverado EV pricing

Let’s start with the bad news: To everyone’s shock and surprise (/s), Chevy will not be selling a Silverado EV starting under $40,000 like they originally planned. I’m not sure how many of the 185,000 reservation holders were banking on that but with a few years of inflation, parts shortages, delays, etc, here we are. I do think that they will get into the $50+K range starting next year when they offer a significantly lower range model Work Truck. After incentives that will get close to $40K. Chevy says range and price will be competitive with Ford’s standard offerings which currently start at 230 miles/100kWh and $55K.

The 450-mile work truck we drove will start at $77,905 and be available to fleets in the coming weeks. That’s notably a few weeks later than Chevy’s planned “spring rollout,” but compared to the years of delays Tesla has shown on its models like Cybertruck, it is just a blip. Meanwhile the slightly smaller battery 350+ mile Work Truck will debut at the end of the year with a $72,905 price tag.

Chevy Silverado RST First Edition

Also at the end of the year, Chevy will unleash the RST First Edition for a whopping $105K which is getting pretty close to a Hummer EV lite. Here’s a quick look at the RST which features the mid-gate for increased storage and a whole lot of other options. I imagine a large percentage of our audience is here for this:

E-Trunk is a Frunk

Just like the F-150, Chevy’s Silverado has a large frunk, but again, they are giving it a name which won’t stick called the “E-trunk” (Being a first mover has its advantages). While notably smaller than the F-150 – 14 cubic feet vs. 10 – it also offers a plug in front for charging tools even while driving or idle via the app. Chevy said those wider sidebars were to house a better front suspension than Ford’s. I think for most work uses, 10 cubic feet will be enough, but for a few this might be a dealbreaker.

Silverado DC Fast charging at 350kW

On every EV drive, one of the first places I go is the DC fast charging station, even if it isn’t on the itinerary (it never is).

We were only given vehicles with over 50% charge, but I still wanted to see what kind of speed I could get out of an EA station and maybe piece together a charging curve. From 61-63% charge, it charged steady at about 208kW, which is an impressive speed until you realize it would take an hour to fill a full battery at that speed. Of course the charging will be much faster at the beginning and much slower at the end of the charge. Chevy put together this small clip on the matter:

And that’s the thing about having a huge battery like this: you can charge it at really high power, but it still takes a long time to really fill up. Chevy says at its fastest pace, you can add 100 miles in 10 minutes. Condolences if there’s only a 50kW fast charger around – that’s a 4+ hour “fast” charge to go from empty to full.

Home and work level 2 AC charging goes up to 80A here which will take over 10 hours to go from empty to full. On a more typical 40A charger, it will take 20 hours, but again that’s adding over 450 miles of range. Most fleet truck scenarios draw way less power in a day so 40A is probably sufficient to add ~300 miles in a 12 hour night.

Silverado EV Drive dynamics

Maybe the biggest surprise of the Silverado EV, besides its range, is its ability to drive like a commuter car (not that it should be used for commuting!) I was shocked at how easy it is to drive and how quick my stress levels went down to a typical car levels. The car drives smooth and is very responsive for an 8500-lb beast with 61+ PSI tires. The suspension folks at GM should be commended. It should not be this easy to drive an 8500-lb vehicle!

Turning is satisfactory, but I can’t help but think 4-wheel turning should be an option in the Work Truck like the Hummer EV. Parking was tough and it took me an extra pass or 2 to slip into the EA station and parallel parking in town wasn’t fun. However, 4 wheel steering will be offered in higher end consumer versions of this truck.

Silverado EV interior

The Work Truck interior is what you’d expect from a work vehicle. Something you could hose down after a day in the mud. Dark plastic and vinyl as far as the eye can see, but in a good way.

That doesn’t mean you can’t drive in comfort, and I found all four seats to be comfortable. Not once during the hours of driving did the driver’s seat feel uncomfortable. The sound system and front screen were fine, though nowhere as good as the RST version coming at the end of the year. Though it won’t come with a mid-gate option, the Silverado Work Truck does have ample storage under the rear seats and still sports the biggest-in-its-EV-class 5’11” long bed.

Carplay/Android Auto

One of Chevy’s most controversial recent moves was to announce the removal of the phone projection in its EVs. However the Silverado EV Work Truck, which still uses Google’s Android Car system, will allow projection of CarPlay and Android Auto, this year anyway. Interestingly its consumer facing Silverados starting next year won’t allow projection. I think this an easily correctable mistake by GM and you can tell that most at Chevy are taking a wait and see approach with the reception this decision gets.

Note: in the video above I was initially told CarPlay would be removed in a software update but it would only be “removed” in a model year update.

Electrek’s Take

For some workers who drive really long distances and have towing, cold weather, etc. requirements, this is the only electric pickup that will meet their needs. Not only did we hit 450 miles, but we often succeeded it with up to 485 miles shown in Chevy’s estimator, in my experience. Nothing else like it even comes close.

But that capability of range isn’t free. Not only does the extra weight make for a more expensive truck that also costs a bit more on $/kWh. That 8500 lbs of weight also affects the handling though I will concede that Chevy suspension engineers worked miracles here.

So I wonder how many fleets actually need 450+ miles of range or even 350+miles. Sure it is nice to have for that rare instance, but it also means you are carting around and paying for a big, unused battery around town most of the time.

Then there’s the whole, why are people driving around 8500-lb. trucks when something like a Ford Maverick size vehicle will do. And we all know that there are a ton of these that are going to be used for commuting when a third of the sized vehicle with a third of the battery will do just fine. But that argument is for another day, and this Silverado EV will take a ton of ICE pickups off the road. And we’re here for that.

The Silverado EV is a super-compelling, no compromise work truck that will meet the needs of fleets that no other EV pickup can.

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Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says

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Solar and wind industry faces up to  billion tax hike under Trump's big bill, trade group says

Witthaya Prasongsin | Moment | Getty Images

Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill.

The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.

The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the two most important tax credits for wind and solar power projects that enter service after 2027.

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline. The Senate is voting Monday on amendments to the latest version of the bill.

The tax on wind and solar projects surprised the renewable energy industry and feels punitive, said John Hensley, senior vice president for market analysis at the American Clean Power Association. It would increase the industry’s burden by an estimated $4 billion to $7 billion, he said.

“At the end of the day, it’s a new tax in a package that is designed to reduce the tax burden of companies across the American economy,” Hensley said. The tax hits any wind and solar project that enters service after 2027 and exceeds certain thresholds for how many components are sourced from China.

This combined with the abrupt elimination of the investment tax credit and electricity production tax credit after 2027 threatens to eliminate 300 gigawatts of wind and solar projects over the next 10 years, which is equivalent to about $450 billion worth of infrastructure investment, Hensley said.

“It is going to take a huge chunk of the development pipeline and either eliminate it completely or certainly push it down the road,” Hensley said. This will increase electricity prices for consumers and potentially strain the electric grid, he said.

The construction industry has warned that nearly 2 million jobs in the building trades are at risk if the energy tax credits are terminated and other measures in budget bill are implemented. Those credits have supported a boom in clean power installations and clean technology manufacturing.

“If enacted, this stands to be the biggest job-killing bill in the history of this country,” said Sean McGarvey, president of North America’s Building Trades Unions, in a statement. “Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects.”

The Senate legislation is moving toward a “worst case outcome for solar and wind,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 2%. Solar stocks Array Technologies fell 8%, Enphase lost nearly 2% and Nextracker tumbled 5%.

Trump’s former advisor Elon Musk slammed the Senate legislation over the weekend.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” The Tesla CEO posted on X. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Catch up on the latest energy news from CNBC Pro:

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Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

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Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.

Nissan starts job cuts, asks supplier to delay payments

As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.

Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.

The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.

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According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.

Nissan-delays-supplier-payments
The new Nissan LEAF (Source: Nissan)

“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.

The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.

Nissan-delays-supplier-payments
Nissan N7 electric sedan (Source: Dongfeng Nissan)

One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.

Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.

Nissan-Micra-EV
The new Nissan Micra EV (Source: Nissan)

“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.

Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.

As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.

Electrek’s Take

With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.

Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.

In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.

The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.

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Elon Musk said to bet on Tesla delivering Robotaxi in June, yet those who did just lost big

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Elon Musk said to bet on Tesla delivering Robotaxi in June, yet those who did just lost big

Elon Musk said just a few weeks ago that betting on Tesla delivering its promised Robotaxi in June is a “money-making opportunity,” and yet, those who listened to him just lost big.

A fan of Musk lost $50,000 betting on Tesla Robotaxi.

With the rise in prediction markets, you can bet on virtually everything these days.

Sites like Polymarket have about a dozen prediction markets related to Tesla, where anyone can bet on events such as Tesla delivering its robotaxi service.

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There have been a couple of specific markets about that, and Musk directly commented on one titled “Will Tesla launch a driverless Robotaxi service before July?:

Less than two weeks ago, the market gave Tesla only a 14% chance of launching the service, and Musk called it a “money-making opportunity.”

At the time, less than $500,000 was traded on this market, but Musk made it way more popular.

Now, over $7 million has been traded on this market, and while Tesla claims to have launched its Robotaxi service on June 22nd, the market currently gives Tesla less than 1% chance today, with less than a day left in June.

Each prediction market has clear “resolution” rules and Musk evidently didn’t read them before suggesting there was money to be made betting “yes”:

This market will resolve to “Yes” if Tesla publicly launches a fully driverless taxi service by June 30, 11:59 PM ET. Otherwise, it will resolve to “No.”

Any service that allows a member of the general public to summon and ride in a Tesla vehicle operating without any human—onboard or remote—actively controlling the vehicle will count. A human may be present in the vehicle or monitoring remotely for emergency intervention, but they must not be physically positioned to take control (for example, no safety driver in the driver’s seat) and must not actively steer, brake, accelerate, or otherwise drive the car under normal operation.

A program that is restricted to Tesla employees, invite-only testers, closed-beta participants, factory self-delivery features, or the mere release of Full Self-Driving software for private owner-drivers will not qualify. Regulatory permits or approvals, press demonstrations, and prototype unveilings without live public ridership likewise will not count toward resolution.

This market’s resolution source will be a consensus of credible reporting.

There are a few things in the resolution that disqualify what Tesla launched on June 22nd. First off, there’s a human inside the vehicle ready to take control with their finger on a kill switch. We have already seen interventions from the in-car Tesla supervisor, who are still very much necessary.

Secondly, the resolution requires a launch that is not restricted to an invite-only basis, which is currently the case.

The level of remote operations could also prove challenging to confirm, and it is part of the resolution.

Electrek found someone who lost $50,000 following Musk’s “money-making opportunity”:

Someone else has lost $28,000 and is now betting another $27,000 that Tesla will achieve this by the end of July.

Currently, Polymarket‘s odds only put a 21% chance of Tesla delivering on the service based on the previously mentioned resolution before August:

There’s another market predicting if “Tesla launches unsupervised full self-driving (FSD) by the end of 2025” that has arguably an even more restrictive resolution, and it currently gives it a 59% chance of happening:

With Polymarket, users are not really “betting” on an outcome, but they are trying to beat the current odds by buying shares in “yes” or “no”, which they can sell to other users before the end of the timeline.

Electrek’s Take

It’s quite amusing that Musk was so confident people would believe in his Robotaxi that he didn’t bother to investigate what other people think an actual robotaxi service would entail, like in the Polymarket resolution.

Historically speaking, you are way better off betting against whatever timeline Musk claims about self-driving. He has been consistently wrong about it for a decade now.

Polymarket even has a market about Tesla launching unsupervised self-driving in California this year. I threw some money in that one because California has much stricter regulations when it comes to self-driving, and it requires a lot of testing before being deployed, as described in the resolution.

I doubt Tesla can go through that this year, but it’s not impossible.

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