Electric Alternative to the Chevrolet Silverado 1500
2024 Chevrolet Silverado 1500 · 19 mpg combined · $36,300 MSRP
What your Chevrolet Silverado 1500 costs to run
Annual fuel cost
$2,021
12,000 mi/yr
Cost per mile
16.8¢
gas at $3.20/gal
5-yr fuel cost
$10,105
fuel only
5-yr running costs
$42,262
depr + fuel + ins + maint
2 EVs that fit
Ranked by total 5-year cost savings vs your Chevrolet Silverado 1500.
Best match
Ford F-150 Lightning
240 mi range · MSRP $49,995
+$64
5-yr TCO vs Chevrolet Silverado 1500
Annual fuel savings
$1,181
EV cost/mile
7.0¢
vs 16.8¢ gas
EV annual fuel
$840
vs $2,021 gas
Price difference
+$13,695
vs Chevrolet Silverado 1500 MSRP
| Cost (5 years) | Ford F-150 Lightning | Chevrolet Silverado 1500 | EV saves |
|---|---|---|---|
| Fuel | $4,200 | $10,105 | +$5,905 |
| Maintenance | $3,000 | $7,750 | +$4,750 |
| Insurance | $12,000 | $10,250 | -$1,750 |
| Depreciation | $22,998 | $14,157 | -$8,841 |
| 5-yr running total | $42,198 | $42,262 | +$64 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
Rivian R1T
314 mi range · MSRP $69,900
-$12,057
5-yr TCO vs Chevrolet Silverado 1500
Annual fuel savings
$1,248
EV cost/mile
6.4¢
vs 16.8¢ gas
EV annual fuel
$773
vs $2,021 gas
Price difference
+$33,600
vs Chevrolet Silverado 1500 MSRP
| Cost (5 years) | Rivian R1T | Chevrolet Silverado 1500 | EV saves |
|---|---|---|---|
| Fuel | $3,865 | $10,105 | +$6,240 |
| Maintenance | $3,300 | $7,750 | +$4,450 |
| Insurance | $15,000 | $10,250 | -$4,750 |
| Depreciation | $32,154 | $14,157 | -$17,997 |
| 5-yr running total | $54,319 | $42,262 | -$12,057 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
What actually changes when you switch
You pay less for
- ✓ Fuel — electricity is 3–4× cheaper per mile than gas at current prices
- ✓ Oil changes — EVs don't have them
- ✓ Brake jobs — regenerative braking extends pad life
- ✓ Transmission service — no transmission
You pay more for
- ○ Purchase price — most EVs cost $5K–$15K more upfront
- ○ Insurance — EVs cost 10–25% more to insure on average
- ○ Home charger — Level 2 install runs $800–$1,500
- ○ Tire replacement — heavier EVs can wear tires faster
Other trucks in your class
Ford F-150
20 mpg · Best match: Ford F150 Lightning
Toyota Tacoma
21 mpg · Best match: Ford F150 Lightning
Ram 1500
18 mpg · Best match: Ford F150 Lightning