Home Commodities GM increases price of Hummer EV as commodity costs rise

GM increases price of Hummer EV as commodity costs rise

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The 2022 GMC Hummer EV features five skid plates.

Amid rising commodity costs, General Motors Co. is upping the price on its GMC Hummer EV pickup and SUV by $6,250 starting June 18. 

The base price for the Hummer EV 3X coming this fall will go from $98,400 to $104,650. The Hummer EV 2X available next spring will be $94,650, up from $88,400. And coming spring 2024, the Hummer EV2 will be $84,650, up from $78,400. 

The 2022 GMC Hummer EV features five skid plates.

All existing Hummer EV reservations, which as of Friday stood at 77,500, placed before June 18 will see no increase to the base price, GMC said. 

The price increase comes as new vehicle prices are already at record highs but automakers, including Tesla Inc., are raising them even more since expenses for raw materials, technology and logistics have also increased. An electric car now costs $61,000 on average, according to researcher Edmunds.com.

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