New 400-mile 2024 Chevy Silverado EV Work Trucks now cost same as used

A number of Chevrolet dealers across the nation are advertising a new 2024 Silverado EV in 3WT trim at around $60K, which is close to where Hertz is pricing year-old low-mileage examples of the fully electric pickup that are being culled from its rental fleet.

At $74,900, including destination, the Silverado EV 3WT is perhaps a bit pricey. Fortunately, Chevrolet is offering its $7500 Ultium Promise Bonus Cash on all 2024 Silverado EV work trucks. That incentive cuts the cost of the 3WT down to $67,400 before tax and license, which seems reasonable considering it has a 393-mile range that bests other $70K electric pickups and is equipped with a host of comfort and safety features that contradict the bare-bones implication of its “work truck” moniker.

We’ve been tracking dealer discounts on the Silverado EV in our Electric Vehicle Price Guide ever since the work truck first popped up in dealer inventories on the east coast a couple of months ago. Deep discounts and broadening availability are now making the Silverado EV 3WT much more attractive to shoppers. At the top of our list of discounts is Victorville Chevrolet, a dealership eighty miles northeast of Los Angeles that is advertising $19,500 off MSRP on its Silverado EV work trucks, pricing the 3WT at just $55,400. That’s two to three grand less than a previous rental with over 5000 miles on the odo. For buyers hoping to spend less than $50K, Victorville has a couple of Silverado EV 3WT work trucks with the 1FL Fleet Option priced at $49,400. The 1FL Fleet Option swaps the ruggedly attractive gloss-black aluminum rims for utilitarian-looking steel wheels. It also deletes the side steps, dual-level charge cord, and soft-top tonneau that come with the 3WT trim level.

If these prices appeal to you, act quickly. Victorville Chevy’s Silverado EV inventory seems to be depleting fast as they’ve systematically increased their discount over the past several weeks. When we updated Silverado EV discounts on our Electric Vehicle Price Guide at the beginning of this month, Victorville’s online inventory showed a total of 35 electric work trucks in stock. As of this writing, less than a dozen remain, including one in 4WT trim that boasts an impressive 450-mile range.

Angelenos that can’t make the trek to Victorville Chevy in time to grab one of their remaining Silverado EVs may want to consider contacting Penke Chevrolet in Cerritos about their in-stock electric work trucks listed at $15,500 off MSRP. If that doesn’t pan out, other LA-area Chevy dealers are showing 2024 Silverado EV work trucks in-transit, some already with modest discounts applied, so an increased supply may drive in-town prices lower in the near future.

Outside of southern California, dealers with Silverado EV work truck discounts worth considering include Koons Chevrolet in Maryland ($15,395 off MSRP), Bomnin Chevrolet in Florida ($14,000 off MSRP), Raymond Chevrolet in Illinois and Platinum Chevrolet in northern California ($13,500 off MSRP), Capitol Chevrolet in Texas ($12,900 off MSRP), Parks Chevrolet in Virginia ($12,777 off MSRP), McLoughlin Chevrolet in Oregon ($12,743 off MSRP), and Hendrick Chevrolet in Georgia ($12,500 off MSRP). Look for discounts on a Chevrolet Silverado EV in your area.

Discounts on the Ford F-150 Lightning are also improving

Dealer discounts on the 2024 Ford F-150 Lightning are starting to turn heads, especially those that qualify for the $7500 Federal EV Tax Credit. For example, Al Packer Ford in Florida has an F-150 Lightning XLT with a standard battery (240-mile range, MSRP $60,090) discounted by a whopping $8602. Stacking the $7500 Federal EV tax credit on top of that discount results in a net cost of just $43,988 before tax and license.

For those that need more range, Ford of San Leandro in California is advertising an F-150 Lightning Flash (MSRP $71,185) at a $6500 discount, resulting in a $57,774 net cost after applying the $7500 Federal EV tax credit. The Flash trim includes an extended range battery that’s good for 320 miles on a full charge. Find a great deal on a Ford F-150 Lightning near you.

Check our Electric Vehicle Price Guide and Electric Vehicle Lease Guide for the best EV deals in the US.