A new GMC Hummer electric pickup truck will be available to pre-order in 2021 for delivery in 2022. Detailed information about the new base $80,000 Hummer EV was released Oct. 21. The first model available for buyers will be the luxury $112,595 edition.
General Motors' latest news
On Oct. 20, the new GMC Hummer EV, General Motors’ first electric pickup, was revealed. GM continues to push itself further into the electric vehicle market. The announcement happened during broadcasts of the World Series and The Voice.
GMC Hummer EV reveal
Although the original GM Hummer was discontinued in 2010, the new EV will retain that name. According to a report from Car and Driver, GMC is ready to release its electric pickup truck and eventually an electric SUV. Recently, the company teased about the arrival of its zero-emissions electric vehicle and called it “The Quiet Revolution.”
The new electric vehicle will have 1,000 HP, three motors within two Ultium drive units, and the ability to accelerate from zero to 60 mph in about 3 seconds, according to Yahoo.
The new Hummer EV will also boast all-wheel steering and a diagonal driving mode called Crabwalk. Yahoo also noted that the vehicle will have 35-inch tires, removable roof panels, and an air suspension system to raise the vehicle six inches.
The torque capacity is quoted by GM as 11,500 pound-feet, although GM insiders say that it's likely more accurately between 1,000 and 1,100. The high figure of 11,500 is “almost certainly calculated through the torque-multiplying effect of the truck's gear ratios” but should still have significant pulling power, according to Car and Driver.
GMC Hummer EV starting price
The least-expensive starting model is the GMC Hummer EV2, which is a two-drive version with minimal features. The GMC Hummer EV2 has a price tag of $80,000, according to Yahoo. For $100,000, buyers can get the Hummer EV3x, which is equipped with three motors and torque vectoring steering.
In spring 2023, the EV2x will be released at a price of $90,000. However, only the top Edition 1 version will be available during the first launch. The “world’s first supertruck,” as the company dubbed it, according to CNBC, is fully loaded with the best features and costs $112,595.
What is the GMC Hummer EV's range?
The Hummer EV uses GM’s new Ultium battery-pack technology and offers an estimated driving range of 350 miles off a single charge, according to Car and Driver. The company said that it will have a 350-kilowatt fast-charging capability, which will enable it to add 100 miles of range by charging it for ten minutes.
What is GM's stock price today?
GM's stock price is $35.47 as of 11:52 a.m. ET on Oct. 21, as reported on MarketWatch. The previous closing price was $35.60.
GM's current stock forecast
According to CNN Business, 15 analysts gave a 12-month price forecast for GM with a median target of $39. The median estimate is a 10.39 percent increase from the previous price of $35.33.
Meanwhile, 17 analysts have a consensus buy rating on GM stock with 12 buy ratings, two outperform ratings, and three hold ratings.