11/22/2025
This week we traded-in one of our vehicles, a 2022 GMC Sierra Elevation with a 5.3L V8, for a (barely used) 2024 Chevy Silverado EV 3WT, with 12k miles. We have been converting our fleet to all-electric vehicles since the release of the first wave of Ford F-150 lightnings back in 2022.
Our project managers generally put on about 20k+ miles a year, managing our jobsites, so our vehicles are an important tool in the operation of our business.
In this case, we traded in our 22 Sierra with 73,865 miles and got into this (really clean) 24 Silverado EV 3WT that had an original MSRP of $74,800 for $42,477 (43% less than the original sticker with only 12k miles).
According to www.FuelEconomy.gov, the GMC cost about $3,400 a year to travel 20k miles, where the Chevy Silverado EV cost about $1,600 a year, (according to general electric prices in our region), for a savings of $1,800 (or 52%) in fuel costs.
In terms of the new Silverado EV:
It has 393 miles of range (for this particular "work truck" model) and 510 HP, compared to the 355 HP in the gas-powered Sierra; 393 miles of range (I looked it up), will get you from Providence RI to just south of Baltimore MD on one full charge. This truck comes in versions that have a range as high as 493 miles (that would take you from Providence to Thornburg, Virginia)
In summary, EV's used in the right applications **and purchased at the right price** (1-3 years old at much lower than MSRP) can be very beneficial to businesses that are on the road a lot.
In terms of maintenance, we have had 4 EV's in our fleet (previous to this 5th purchase), since 2022 and we have not made any major repairs to any of the vehicles. One of our trucks, a 22 Ford Lightning Pro, has 52k miles and the only repair we have made to that vehicle has been to replace the windshield wipers. We are about to put tires on it, as it will need them soon, but that's typical of course.
EV's are certainly not for everyone, but they do have their place; their economics and reliability should not be ignored. Aside from those numbers, HP ranging from Ford's lowest Lightning model with 452 to Chevy's highest Silverado model of 750+ and the silence experienced inside the cab while driving, make these vehicles a pleasure (and a lot of fun) to drive.
Special thanks to the team at Viper Graphics & Signs in Seekonk MA, for once again making our vehicles look great!
