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 |  Apr 17 2012, 1:15 PM

General Motors announced pricing for its bi-fuel Chevrolet Silverado and GMC Sierra 2500 heavy-duty pickup trucks today, saying the vehicles will cost $11,000 above base price. 

Customers may begin placing orders for the CNG trucks on March 19 and will be available in standard or longbox configurations with either two- or four-wheel drive.

“The announcement of the bi-fuel Silverado and Sierra has been well-received among customers, which sends a clear message that businesses are looking for alternative fuel options to meet their needs,” said Ed Peper, general manager, GM Fleet and Commercial Operations.  “The addition of the full-size bi-fuel pickups to our product portfolio is part of our commitment to offer great products, innovative business solutions and an exceptional customer experience.”

Running on either compressed natural gas (CNG) or gasoline, the trucks are powered by a 6.0-liter V8 that can seamlessly transition between fuels. Doing so will allow for between $5,000 and $10,000 in savings annually, according to GM. Although the trucks are initially more expensive, over time the reduced fuel costs will save money for the businesses that use them.

“Businesses are looking for ways to control their costs while reducing vehicle emissions and becoming less dependent on fluctuating gas prices. The low cost of ownership makes these vehicles a realistic solution,” said Joyce Mattman, director, GM Commercial Product and Specialty Vehicles.  “CNG has maintained a significantly lower retail price than either gasoline or diesel. The current average price of CNG is equivalent to $1.89 per gallon of gasoline.”