GM stops taking reservations for the Hummer EV

Between January and June, GM reported that it delivered fewer than 400 of the pickup version of the Hummer. Deliveries of the SUV version are expected to begin in the spring of 2023. It currently has bookings of around 45,000 pickups and 45,000 SUVs.

“We are pleased to say that this tremendous demand has led to our Hummer EV reservations being fully booked at this time,” the company said in a statement.

GM couldn’t say how long it will take to deliver all of the 90,000 pre-ordered Hummers, but as traditional automakers ramp up sales and production of their electric vehicle offerings, demand far outstrips supply. .

GM aims to produce only zero-emission vehicles by 2035, and other traditional automakers have similar goals. Part of the change is driven by tougher environmental regulations, which in some cases will block the sale of gasoline-powered cars. But a good part is driven by customer demand.
GM (GM) It has just announced an agreement to sell 175,000 electric vehicles to Hertz, but it will take five years to complete deliveries. Ford (F) It has a “multi-year order bank” for its EV pickup, the F-150 Lightning, as well as the Mustang Mach-E SUV.

And even Tesla, the world’s largest electric vehicle manufacturer, which makes nothing but electric vehicles, has reported that it had only a four-day supply of inventory as of the end of June.

A big part of the problem for all EV automakers is the shortage of the large lithium batteries needed to power the vehicles. Almost all mainstream automakers have announced major investments in building EV battery factories, usually with a battery manufacturer as a joint venture partner. Most of these factories are still under construction, and it will be years before they can produce enough batteries to meet demand.

Hummer EVs won’t be cheap. The various trim offerings give it starting prices between $84,650 and $104,650.