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GMC Hummer EV Version 1
Michael Wayland | CNBC
GM mentioned Friday that it’s rising the value of its electrical Hummer by $6,250, efficient Saturday.
The corporate blamed greater costs for components, know-how and logistics.
All reservations positioned earlier than Saturday are exempt from the rise, the corporate mentioned. The Hummer EV pickup truck presently goes for about $80,000 to $100,000.
The announcement comes after a number of automakers hiked the price of their electrical automobiles in latest weeks. The struggle in Ukraine and ongoing provide chain challenges have jacked up the the costs of the uncooked supplies mandatory for EV batteries, inflicting Tesla, Rivian and Cadillac to lift the costs of their electrical automobiles.
Reservations for GM’s EV Hummer have topped 77,500, based on GM, a quantity that has exceeded the corporate’s preliminary expectations.
GM mentioned in March that it might ramp up manufacturing of the Hummer EV.
The Hummer EV pickup truck is on the market, however new orders are unlikely to be fulfilled till 2024 because of the variety of present reservations, an organization govt beforehand informed CNBC. The Hummer EV SUV, which GM unveiled final yr, is not anticipated to reach till subsequent yr.
CNBC’s Michael Wayland contributed to this text.
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