GM stated Friday that it’s rising the worth of its electrical Hummer by $6,250, efficient Saturday.

The corporate blamed larger costs for elements, expertise and logistics.

All reservations positioned earlier than Saturday are exempt from the rise, the corporate stated. The Hummer EV pickup truck at present goes for about $80,000 to $100,000.

The announcement comes after a number of automakers hiked the price of their electrical autos in latest weeks. The struggle in Ukraine and ongoing provide chain challenges have jacked up the the costs of the uncooked supplies essential for EV batteries, inflicting Tesla, Rivian and Cadillac to boost the costs of their electrical autos.

Reservations for GM’s EV Hummer have topped 77,500, based on GM, a quantity that has exceeded the corporate’s preliminary expectations.

GM stated in March that it might ramp up manufacturing of the Hummer EV.

The Hummer EV pickup truck is on the market, however new orders are unlikely to be fulfilled till 2024 as a result of variety of present reservations, an organization govt beforehand informed CNBC. The Hummer EV SUV, which GM unveiled final yr, is not anticipated to reach till subsequent yr.

— CNBC’s Michael Wayland contributed to this text.