Chevrolet Silverado EV LT Extended Range cost to own in Michigan — the true 5-year total
The Chevrolet Silverado EV LT Extended Range starts at $69,100. As of July 1, 2026, over 5 years, owning one (EV) costs about $82,928 in Michigan — $1,382/month, $1.38/mile — including depreciation, charging (with the ~12% AC charging loss most calculators ignore), maintenance, insurance, financing and fees. That's $29,331 more than a comparable Ford F-150 XLT (gas) over the same 5 years. Michigan's electricity (21.4¢/kWh) is 14% above the U.S. average, and gas runs $4.08/gal here — both fed straight into the numbers above. The federal $7,500 EV credit expired Sept 30, 2025 and is not applied.
Chevrolet Silverado EV LT Extended Range · Michigan · 5-year estimate$82,928 total · $1,382/mo · $1.38/mi
Where the money goes
| Cost component | Electric · Chevrolet Silverado EV LT | Gas · Ford F-150 XLT |
|---|---|---|
| Depreciation (estimated) | $42,151 (51%) | $16,800 (31%) |
| Charging / fuel | $9,100 (11%) | $11,122 (21%) |
| ↳ of which charging loss | 12% (~$1,092) | — |
| Maintenance | $3,660 (4%) | $6,840 (13%) |
| Insurance | $13,750 (17%) | $11,000 (21%) |
| Financing interest | $12,432 (15%) | $7,335 (14%) |
| Registration & fees | $1,835 (2%) | $500 (1%) |
| Total cost of ownership | $82,928 | $53,597 |
The charging-loss row is the ~10–15% of electricity lost to AC charging that you pay for but never reaches the battery — we include it; most calculators don't.
Chevrolet Silverado EV LT Extended Range specs & assumptions
- Starting MSRP
- $69,100manufacturer base
- Powertrain
- Electric
- Efficiency
- 48 kWh/100miEPA
- Range
- 424 miEPA
- Michigan electricity
- 21.4¢/kWhEIA
- Annual miles (assumed)
- 12,000adjustable in tool
Compare the Chevrolet Silverado EV LT Extended Range against any car, your miles & your state
What else moves your Chevrolet Silverado EV LT Extended Range cost
The 5-year total already folds in depreciation, charging, insurance, maintenance and financing. Here's how the biggest levers work — and the ones that sit outside the total.
- Financing. Borrow the full $69,100 at a typical 7.2% new-car APR over 60 months and interest alone adds about $13,388. Lower the APR or add a down payment in the calculator and the total drops — financing is in the 5-year figure above.
- Insurance. This model averages about $2,750/yr to insure — roughly $550/yr more than a comparable gas car ($2,200/yr), as EV parts and repairs tend to cost more — our own estimate, calibrated to Insurify/Bankrate 2026, and already in the total above.
- Home charger. A Level 2 home charger is a one-time $500–$2,000 installed (depends on your panel and wiring) — not in the total above, but it pays back fast versus public fast-charging.
- Tires. EVs are heavier and make instant torque, so tires can wear ~20% faster — a real running cost most comparisons skip. We fold a higher maintenance rate for EVs into the total.
- Where you charge. Public DC fast-charging can cost 2–3× your home rate. The total assumes 80% home charging; if you can't charge at home, lower that share in the calculator to see the real cost.
Cost to charge the Chevrolet Silverado EV LT Extended Range at home
A full charge of the Chevrolet Silverado EV LT Extended Range costs about $41, and it runs about $11.67 per 100 mi at home — versus about $13.59 for a typical 30 mpg gas car. Home charging only (the ~12% AC charging loss is included); public DC fast-charging is billed per session by each network — often 2–3× the home rate — and isn't in these figures.
- Full charge (170 kWh usable)
- $41pack ÷ (1 − 12% loss) × $0.21/kWh
- Per 100 mi at home
- $11.6748 kWh/100mi + 12% charging loss × $0.21/kWh
- A typical 30 mpg gas car
- $13.59/100miat $4.08/gal — for comparison
Recalls & reliability record — Silverado EV
Official U.S. National Highway Traffic Safety Administration (NHTSA) safety record for the Silverado EV, MY 2024–2026. Figures cover all powertrains and trims sold under the Silverado EV nameplate for the model years shown. A recall means a free remedy is available at no cost. Source: NHTSA (nhtsa.gov), data as of .
Recalls (7)
- Equipment
Dealers will reset the vehicle radio, which will facilitate automatic download of the electronic owner’s manual, free of charge.
- Electronic Stability Control (Esc)
The EBCM software will be updated by a dealer, or through an over-the-air (OTA) software update, free of charge.
- Seat Belts
GM will tighten the bolt that attaches the center seat belt assembly to the rear seat structure, free of charge.
- Forward Collision Avoidance
Dealers will update the software in the body control module (BCM), free of charge.
- Electrical System
Dealers will replace the rear drive unit, free of charge.
- Seat Belts
Do not allow passengers to sit in the second-row center seat until remedied.
- Seat Belts
Dealers will tighten the left and right front seat belt buckle attachment bolts, free of charge.
Consumer complaints
NHTSA has 41 consumer complaints on file for the Silverado EV (MY 2024–2026). The most-reported areas: Electrical System, Structure, Forward Collision Avoidance. Complaints are unverified reports submitted by consumers to NHTSA.
Chevrolet Silverado EV LT Extended Range head-to-head comparisons
The 5-year cost gap against the cars buyers cross-shop:
← Chevrolet Silverado EV LT Extended Range cost (U.S. average)