Autos

GM is raising the price of its Hummer EV starting this weekend

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GMC Hummer EV Edition 1

Michael Wayland | CNBC

GM said Friday that it is increasing the price of its electric Hummer by $6,250, effective Saturday.

The company blamed higher prices for parts, technology and logistics.

All reservations placed before Saturday are exempt from the increase, the company said. The Hummer EV pickup truck currently goes for about $80,000 to $100,000.

The announcement comes after several automakers hiked the cost of their electric vehicles in recent weeks. The war in Ukraine and ongoing supply chain challenges have jacked up the the prices of the raw materials necessary for EV batteries, causing Tesla, Rivian and Cadillac to raise the prices of their electric…



Source cnbc.com

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