Electric cars and trucks are all the rage right now. Everyone wants in on the action, and nearly every major automaker in the United States builds electric vehicles. Americans are great too excited about electric trucksbut there is just one big problem: buying one.
Tesla announced the Cybertruck back in 2019, and since then all the big players have slowly shared plans to make a truck, including newcomers like Rivian. We have the new Ford F-150 Lightning, the Rivian R1T, the Hummer EV and GM’s Chevy Silverado E, a RAM 1500 EV, possibly a Toyota Tacoma EVand others.
It’s an exciting time to be a truck fan patiently waiting for electric pickup trucks. But, unfortunately, we will all need a lot of patience.
While all the big players in the automotive industry are working on all-electric trucks, a few big issues still make buying a dream, at least for now. The demand is huge, but the supply is tiny. We’re talking about supply constraints, production speed and woes, not to mention high prices.
A prime example is the upcoming F-150 Lightning EV, as Ford account build and sell about 20,000 vehicles in 2022. By comparison, Ford sold more than 700,000 gas-powered F-150s in 2021, or about 36 times as many regular trucks as electric vehicles. In addition, the number of gasoline-powered vehicles is expected to rise further this year.
Initially, Ford said it wanted to build 50,000 F-150 Lightning in 2023, but recently increased that number to 80,000 and now hopes to make even more by the end of 2023. That’s still far from enough. .
Tesla is on track to sell more than a million electric cars in 2022. The difference in the number of electric trucks is staggering.
The new Rivian R1T truck looks fantastic, and it was the first electric pickup to hit the market in 2021. That said, we learned that Rivian was producing only two R1T trucks per day, which is far from a practical production volume. Even with recent production increases, the company has over 70,000 pre-orders to fill, and if you order its $70,000 truck today, it won’t ship until mid-2023.
Damn, this week GMC announced this interest in the Hummer EV was much more than expected, and the truck is completely sold out. GMC is working overtime to fill reservations. If you order a Hummer EV today in the $99,000 or $130,000 max configuration, it won’t ship until 2024. Ouch!
Other rivals in the truck space are even further behind. The all-electric Chevrolet Silverado E won’t even start production until mid-2023, and we have no idea how many Chevrolets will be able to build once it’s finally released. The more expensive GMC Sierra E has a similar delay.
Stellantis is working on a 1500 EV RAM. We don’t know, except that he should arrive in 2024. We’re also light on the details surrounding Tesla’s Cybertruck. After initially saying it would come in 2021, then 2022, the Elon Musk latest news is that production “should begin” next year. When Tesla will release it, if ever, is a whole other question.
Already noticing a trend? Every electric van available now or coming in 2022 will be extremely limited or extremely expensive.
I understand. New technology takes time and suffers all sorts of growing pains. It’s just frustrating that all of these companies are pushing the dream of fast, powerful, and capable electric trucks. In reality, it will be difficult for the average buyer to get one for the foreseeable future.
However, we have good news. Due to the overwhelming response to the F-150, Rivian and Hummer EV being so positive, each manufacturer is working as hard as possible to speed up productionFulfill requests or speed up plans and get as many electric trucks as you can in the market.
Ford plans to meet growing demand for double production at its Rouge Electric Vehicle Center in Dearborn, Michigan. Rivian has just strengthened its plant and is on track to build 150 trucks per day. GMC Global Vice President Duncan Aldred says production is on track and the company has several plans in place to speed up the process.
Speaking of production, several manufacturers have plans or timelines to stop selling ICEs (internal combustion engines) altogether. Most of them aren’t until 2030, but EV production needs to improve quickly to meet those goals at the current rate.
So when can you get an electric truck? It’s a complicated question. Ford plans to begin delivering F-150 Lightning trucks to reservation holders in May. GMC is still slowly shipping its Hummer EV. And Rivian is catching up on its pre-order list while increase prices by 15% to meet rising production costs.
If you want one bad enough, you’ll probably be able to get an F-150 Lightning or a Rivian R1T this year, but other manufacturers aren’t about to release one. For most people, realistically you should be able to buy an electric truck by the end of 2023.
Based on everything we’ve seen so far, it wouldn’t be surprising to see Chevy move up its launch date, RAM rushing things, and Tesla scrambling to finish designing its Cybertruck and building it in 2023.
Unless you pre-ordered an electric truck or are lucky and find a used Rivian R1T or F-150 Lightning later this year, good luck getting one soon. . Even if you find a used electric van for sale, due to supply and demand, the resale value will skyrocket.