Entire first year of GM’s pickup truck Hummer EV sold out

In a significant development General Motors Co said, its first year of its GMC Hummer EV electric pickup truck has been sold out.

GMC’s website shows a “reservations full” banner over the Hummer EV “Edition 1,” which is scheduled to commence production in the fall of 2021. Its next version, the Hummer EV 3X, which sets you back by $99,995, is scheduled to begin production only after the fall of 2022.

The most cost effective version of the Hummer EV, which starts at $79,995, is scheduled to go into production in the spring of 2024, said GM.

During a presentation. GM officials said, the Hummer EV was designed and engineered in 18 months. The truck can “crab walk” sideways on rough terrain using its four-wheel steering system, and has a “Watts to Freedom” mode that accelerates the truck to 60 miles per hour (97 kph) in 3 seconds.

GM’s Hummer EV is, in part, a response to Tesla Inc’s  Cybertruck, which has grabbed eyeballs with its bevy of extreme performance features. Tesla’s Cybertruck’s starts much lower at $39,900, with the 500 miles of range starts starting at $69,900.

Tesla is scheduled to commence the production of the Cybertruck in late 2021.

Duncan Aldred, GM’s GMC division said, half of the brand’s dealers have agreed to sell the Hummer EV lineup. The company is taking orders from its site, said Aldred and intends to offer no-haggle prices. The online reservations and firm pricing are similar to the Tesla approach.

The high-performance electric pickup truck market in the United States is a crowded niche with eight companies promising to launch models by the end of 2021.

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