Gas is cheap and the Hummer is back, only this time it's electric.

On Tuesday, GM's truck and SUV division unveiled the 2022 GMC Hummer EV pickup truck with 35-inch off-road tires, air suspension, up to three electric motors for 1,000 horsepower and 11,500 pound-feet of torque (wheel torque), and more than 350 miles of driving range.

Four models will be available, but for those looking to spend less it's going to be more than two years until their electric Hummer arrives, the spring of 2024 to be exact. GMC will kick off the Hummer lineup with the Hummer EV Edition 1, which will be available by the end of 2021.

The Hummer EV Edition 1 will have three motors—two in the back and one in the front—and more than 350 miles of driving range thanks to a 200-kwh 24-module double-stacked Ultium battery pack. With the estimated 1,000 hp and 11,500 lb-ft of torque, the Edition 1 will be capable of 0 to 60 mph in 3.0 seconds, GMC said.

All Edition 1 models will start at $112,595 and come with white paint, a Lunar Horizon interior, and "Edition 1" interior badges. The Edition 1 will have all the goodies that unleash the Hummer EV's capability: torque vectoring, air suspension, an Extract mode that lifts the truck 6 inches to give it 15.9 inches of ground clearance, adaptive dampers, a four-wheel steering system, and a driver-selectable mode GMC calls Watts to Freedom that will unleash the 3.0-second 0-60 mph time.

GMC is rolling out the Hummer EV in four phases. After the Edition 1 late next year, the Hummer EV3X will arrive in the fall of 2022, also with the three-motor drive system, torque vectoring, and Watts to Freedom mode. It will start at $99,995.

2022 GMC Hummer EV

2022 GMC Hummer EV

In the spring of 2023, GMC will offer the Hummer EV2X with a two-motor drive system, the air suspension, four-wheel steering, and Extract mode. This model will cost $89,995. The most-affordable model, the Hummer EV2 will hit the market in the spring of 2024 with a price of $79,995 and the two-motor system. GMC has not quoted power or range for the two-motor models and has not detailed the size or range capability of smaller batteries, though it has confirmed them.

All models will be built on GM's new BEV3 architecture. The electrical architecture is an 800-volt system that is capable of fast-charging up to 350 kw to provide nearly 100 miles of range in 10 minutes. GMC said owners will be able to charge on a Level 2 outlet at a rate of 11.5 kw, though it didn't give charging times. The company says the Ultium battery pack contributes to the Hummer EV's structural rigidity.

GMC's four-wheel steering system has racks front and rear with rear wheels that will be able to steer up to 10 degrees. It will offer three modes: auto, off, and CrabWalk. CrabWalk can be viewed as GMC's answer to Rivian's "tank turn" mode. Rivian's system allows a vehicle to spin around within its own length, and the Hummer EV's system will turn the rears with the fronts at low speeds to allow the the vehicle to move diagonally.

2022 GMC Hummer EV

2022 GMC Hummer EV

This tech should make maneuvering a vehicle in tight spaces easier, and give owners something to show off to their friends.

The latest version of GM's Super Cruise hands-free driver-assistance system will be standard.

The air suspension will allow adjustable ride heights, maxing out at 15.9 inches in Extract mode. The standard ride height should be about 9.9 inches and an off-road mode will raise it 2 inches. GMC said the truck will sit lower in Watts to Freedom mode, which is essentially launch control, but didn't specify how much lower. The adaptive dampers will smother the road, and 35-inch Goodyear Wrangler All Territory MT tires will be standard to tackle the trails. GMC said the Hummer EV will be able to fit 37-inch tires for more capability.

2022 GMC Hummer EV

2022 GMC Hummer EV

The Hummer EV will be able to drive through more than 2-feet of standing water and scale an 18-inch vertical obstacle. Steel plates will be located around the battery pack for protection, and a front and rear underbody camera system will act like a virtual spotter. GMC said up to 18 camera views will be available to help increase awareness of obstacles.

Inside, the Hummer EV is modern, with a 13.4-inch touchscreen for infotainment, a 12.3-inch digital gauge cluster, and another screen for climate controls. The touchscreen will use the UnReal engine, a popular platform for video-game programming, to allow it to display 3D graphics and motion that show what the truck is doing.

Handy exterior features will include a mutlifunction tailgate from other GM trucks, a power rear glass window, and a power tonneau cover. The Hummer EV will be offered with a Targa front roof panel and T-tops over the second row, all of which can fit in the front trunk.

GMC hasn't released size specifications but said the Hummer EV will fit inside the footprint of a GMC Sierra AT4 and is about as wide as a Ford Raptor.

2022 GMC Hummer EV

2022 GMC Hummer EV

GMC originally planned to unveil the Hummer EV May 20, but that was pushed back to the fall by the coronavirus pandemic. Production is scheduled to start in fall 2021 at GM's Detroit-Hamtramck factory, which is being converted into a dedicated EV facility.

An SUV version is also planned, though we don't have a date for its debut.

Update: This story has been updated with additional information from a media seminar with GMC officials.

—Senior Editor Kirk Bell and contributor Stephen Edelstein contributed to this report.