• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Tesla

Chevy Silverado or Tesla Cybertruck? These are the electric pickups competing for your wallet

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
January 6, 2022, 7:46 AM ET

No segment of the U.S. light vehicle market has been more critical to the ongoing survival and success of General Motors, Ford, and Chrysler (now Stellantis) over the decades than the full-size pickup truck. 

Protected for decades from foreign imports by the controversial and confusingly named “Chicken Tax,” Detroit’s Big Three carved up sales of these popular vehicles among them, earning fat profit margins that helped offset their steady decline in car sales prior to the SUV boom that began in the 1990s.

That’s why Wednesday’s unveiling of the upcoming electric Chevrolet Silverado by General Motors CEO Mary Barra took center stage during her virtual presentation for the Consumer Electronics Show (CES). 

Pickup trucks are, however, fundamentally different animals from cars. To handle heavy payloads in the truck bed and tow large objects without snapping the rear axle in two like a twig, they employ a sturdy ladder type “body-on-frame” with reinforced steel. Only the poorly selling Honda Ridgeline comes with the conventional unibody construction found in cars eschewed by serious truck buyers. 

These are the electric trucks that will be competing for the wallets of U.S. pickup buyers.

Chevrolet Silverado EV

The Silverado EV is built off a dedicated “Ultium” EV architecture and will offer at least 400 miles on a full charge for both the base workhorse version and higher spec RST truck, according to GM’s unofficial estimates. It boasts up to 664 horsepower, enough to accelerate the vehicle to 60 miles per hour from a standstill in under 4.5 seconds. It can carry 1,300 pounds and tow up to 10,000 pounds, although Chevy is planning a model that will double that trailering capacity. 

Hooked up to a 350 kilowatt DC fast charger, the Silverado EV’s battery pack can add 100 miles of range in 10 minutes. It will also be the first Chevy model to come with the Ultifi onboard electronics system capable of over-the-air updates and upgrades, practically a must, following Tesla’s pioneering success. 

The truck will launch in the spring of 2023 in a base workhorse version priced at $39,900, with a higher trim RST version equipped with more features and creature comforts—and a higher price—following in the fall. 

Rivian R1T

The first electric truck to hit the road, it also took home the prize for MotorTrend 2022 Truck of the Year, which hailed the upstart brand’s debut model as a “monumental achievement.”

It comes with an EPA-rated range of 314 miles currently, although the company has said it will target hiking that to over 400 miles in the course of this year. It comes with a quad-motor powertrain featuring all-wheel drive and 800 horsepower that can accelerate the vehicle from zero to 60 mph in roughly three seconds as well as tow up to 11,000 pounds.

Recently, Rivian announced plans to build a second factory more than twice the size of its existing plant in Illinois, capable of building 400,000 vehicles annually. This would, however, include assembly of the R1S SUV.

As of mid-December the company said it had built 650 R1T trucks and delivered 384 of them to customers, but would fall a “few hundred vehicles” short of reaching the 1,200 unit production target for last year. 

GMC Hummer EV Pickup

Launching now on the market (it notched its one and only sale in the fourth quarter), the EV truck heralds the return of the Hummer badge scrapped in 2010 owing to its exceedingly poor gas mileage. 

Built on the Ultium platform like the Silverado EV, it was a MotorTrend finalist but lost out to the R1T. It is best compared to the Tesla Cybertruck and to a lesser degree the R1T, as it is effectively a lifestyle vehicle meant to confer status and make a statement rather than serve chiefly as a workhorse. 

It comes with massive 35-inch wheels and highly maneuverable four-wheel steering that enables it to drive diagonally, the so-called crab-walk feature that Musk now aims to bring to the Cybertruck. 

Reservations for the launch edition are already full, meaning buyers will have to wait for the trimotor EV3x version to arrive in the fall, with lesser powered versions to follow in 2023. GM estimates the EV3x’s range at up to 350 miles. Its five-foot cargo bed can carry up to 1,300 pounds, and the truck can tow as much as 7,500 pounds.

Ford F-150 Lightning

The granddaddy of the pickup scene, the combustion-engine F-150 full-size pickup retained the title last year as the overall bestselling vehicle in the United States for 40 years and counting with 726,004 sold in 2021. 

For the F-150 Lightning, tested personally by President Biden, Ford is targeting an EPA-rated 300 miles for the extended range battery pack. The truck should accelerate to 60 miles per hour from a standstill in around 4.5 seconds as well as offer maximum payload of 2,000 pounds and towing of 10,000 pounds. Manufacture will begin this spring at a starting price of $39,974 for the base PRO version and can quickly climb to just over $90,000 for the Platinum Lightning.

From today, the first group of reservation holders among the 200,000 thus far collected will now be allowed to place their firm orders for the vehicle. Recently Ford said demand for the Lightning was so strong, it would double production capacity to 150,000 trucks annually. 

Tesla Cybertruck

The hotly anticipated pickup is expected to arrive toward the end of this year when assembly in Texas is slated to begin, according to CEO Elon Musk. Spy shots of preproduction models suggest this time he might hit this target, although much will depend on the progress of the 4,680 battery cells expected to power it.

What makes the Cybertruck so unique is its radical design, a function of the stainless steel exterior so stiff that its body panels cannot be pressed into shape—or dented, judging by a sledgehammer used during its debut presentation. With no paint jobs offered owing to the material chosen, the risk is each Cybertruck looks exactly the same as the next, however, and customers eventually tire of the design. Refundable deposits for as many as 1 million have been reportedly received, however, so demand appears robust.

Currently advertised with a zero-to-60 mph speed of as little as 2.9 seconds and capable of up to 500 miles of range, it can store as much as 3,500 pounds on its bed and tow over 14,000 pounds. This could change with a quad-motor version in the works, an attempt by Musk to steal the R1T’s thunder (it, too, would likely feature four-wheel steering).

All bets are off when it comes to pricing, however. Tesla caused a stir when it pulled its Cybertruck configurator, suggesting the base version will no longer start at $39,900 but much higher. It may result in the entry model therefore offered with dual motors standard rather than just one, but that might not be the only change in store for prospective buyers.

Ram 1500 BEV

Confirmed in July during a presentation by parent company Stellantis on its EV road map, the first battery electric vehicle sporting the Ram badge is due to arrive sometime in 2024. Range is expected to reach 500 miles thanks to a battery pack as large as 200 kilowatt-hours in size.

Its electric motors should deliver as much as 330 kilowatts (443 hp) of power, but beyond that relatively little is known about its pricing and specs, and only the silhouette of a design has been revealed.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Interest on U.S. debt is becoming a top driver of future deficits, as the sheer size of past borrowing overwhelms the fiscal outlook 
EconomyDebt
Interest on U.S. debt is becoming a top driver of future deficits, as the sheer size of past borrowing overwhelms the fiscal outlook 
By Jason MaMay 2, 2026
2 hours ago
Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers
AIchief executive officer (CEO)
Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers
By Jason MaMay 2, 2026
5 hours ago
conway
North AmericaObituary
Gerry Conway, comics legend who created the Punisher, dies at 73
By Claire Rush and The Associated PressMay 2, 2026
6 hours ago
bard
C-SuiteJeffrey Epstein
Bard College president steps down, months after his deep ties to Jeffrey Epstein were revealed
By The Associated PressMay 2, 2026
6 hours ago
death
Environmentclimate change
Meet ‘Green Death’: the burial practices for activists worried about climate change and carbon footprint
By Dorany Pineda and The Associated PressMay 2, 2026
6 hours ago
trump
PoliticsWhite House
America’s paying more at the pump. Trump’s new Air Force One jet donated by Qatar is nearly ready
By Jonathan J. Cooper and The Associated PressMay 2, 2026
6 hours ago

Most Popular

Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
1 day ago
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
Law
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
By Catherina GioinoMay 1, 2026
1 day ago
Current price of oil as of May 1, 2026
Personal Finance
Current price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
1 day ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
2 days ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
5 days ago
Current price of gold as of May 1, 2026
Personal Finance
Current price of gold as of May 1, 2026
By Danny BakstMay 1, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.