GM’s new all-electric SUV is already in demand. The 2024 Chevy Blazer EV is being marked up by as much as $10,000 in some cases.
The 2024 Chevy Blazer EV is beginning to appear on dealership lots after the first models were shipped in July.
After officially revealing the electric Blaze SUV last summer, GM said it would be available in four trims. These included the 1LT, 2LT, RS, and SS models, plus an additional law enforcement-specific police pursuit vehicle (PPV).
The base 1LT model has since been dropped, as the 2LT is now the cheapest 2024 Blazer EV variant.
After opening orders for reservation holders last month, we learned the first two models would be the 2LT AWD and RS AWD, starting at $56,715 and $60,215, respectively.
Both models qualify for the full $7,500 EV tax credit, meaning the base 2LT trim can be bought for under $50,000. However, that’s only if the dealer doesn’t mark it up.
The 2024 Chevy Blazer EV is being marked up at dealers
According to an analysis of national inventory data from CarsDirect, the 2024 Chevy Blazer EV is being marked up, with some citing high demand. One Mukwonago, Wisconsin dealer has a 2024 Chevy Blazer EV RS listed at $70,215, or $10,000 over MSRP.
The dealer claims market adjustments are based on supply and demand “as well as the current market situation.”
2024 Chevy Blazer EV RS for sale in California (Source: Harbor Chevrolet)
And this is not uncommon; several dealers have the electric SUV listed for over $70,000. Dealerships in California and Illinois are also offering the 2024 Chevy Blazer EV RS at those prices. A dealer in California with the model listed at $71,161 is shown above.
Electrek’s Take
Is a $10,000 markup on the Blazer EV justified? The electric SUV is still very new to the market. Inventory data (from CarsDirect) shows around 550 listings in the US compared to over 7,600 for the gas-powered 2024 Blazer.
Meanwhile, many automakers are moving in the opposite direction with pricing. Tesla has been slashing prices all year, pressuring others to follow.
Ford just introduced a new incentive on the F-150 Lightning (with up to $15,00 in savings) after sales disappointed in the third quarter.
Hyundai slashed EV lease prices recently on the IONIQ 5 and IONIQ 6, offering some of the cheapest rates since launching. The move came after Tesla introduced its own lease price cuts last week.
GM has struggled to ramp production of its Ultium-based models like the Blazer EV. The automaker revealed this week that it will push back Silverado EV and GMC Sierra EV production at its Orion assembly plant in Michigan. The automaker says the move is “to better manage capital investment while aligning with evolving EV demand.”
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Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
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Chevy Blazer EV (left), Chevy Equinox EV (middle) Chevy Silverado EV (right) (Source: GM)
Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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