Gm (General Motors) has announced that it will build electrified Chevrolet Corvettes.
The Chevrolet Corvette will be electrified next year, followed by an all-electric version of the iconic sports car, according to General Motors.
According to GM President Mark Reuss, an electrified Chevrolet Corvette will be released next year, followed by an all-electric version of the iconic sports car.
He wouldn’t say when the all-electric Corvette would be available or whether the “electrified” model would be a traditional hybrid or a plug-in hybrid.
GM President Mark Reuss announced Monday that an electrified Chevrolet Corvette would be released next year, followed by an all-electric version of the iconic sports car.
Reuss stated that the automaker would continue to produce both traditional and electrified models with internal combustion engines. He wouldn’t say when the all-electric Corvette would be available or whether the “electrified” model would be a traditional hybrid or a plug-in hybrid.
During an interview on CNBC’s “Squawk Box,” Reuss said, “We will have an electrified Corvette next year, so it’s coming very quickly.” “This is in addition to the great performance that Chevrolet and Corvette have been known for with our internal combustion engines for many, many years.
The confirmation of the electrified Corvettes comes as Wall Street puts more pressure on legacy automakers to compete more effectively against EV industry leader Tesla. It also comes a day before Ford Motor, GM’s crosstown rival, hosts an event for its electric F-150 Lightning pickup, which has gotten a lot of attention from investors and the media.
For years, there have been rumours of an electric Corvette, including mentions by President Joe Biden, a Corvette owner.
GM has stated that by 2035, it will only sell electric vehicles. The company plans to release 30 new electric vehicles by 2025 as part of a $35 billion investment in electric and autonomous vehicles.
GM has stated that by 2035, it will have an all-electric lineup across all of its brands, with Cadillac leading the way. Cadillac’s CEO has stated that the brand’s lineup will be almost entirely electric by 2030. The automaker also stated that by mid-decade, it plans to bring at least 30 new electric vehicles to market, with a goal of selling 1 million EVs globally.
This summer, the production of the 2023 Chevrolet Corvette Z06 3LZ convertible will begin at Bowling Green Assembly. The starting price has yet to be announced by GM.
On April 11, GM auctioned off the first gas-powered Z06, which has yet to be built, at Barrett-Jackson Palm Beach Auction. The car was sold for $1 million to NASCAR racing legend Rick Hendrick, one of the world’s largest Corvette collectors.
If the Z07 performance package is installed, the car can accelerate from 0 to 60 miles per hour in 2.6 seconds. This is the first time a hardtop version of the Z06 convertible has been offered.
GM is also announcing Ultium Platform’s energy recovery system, according to Reuss’ LinkedIn post. Ultrium is GM’s proprietary platform that will support and power all of the company’s future electric vehicles.
According to Reuss, the energy recovery system is a patented onboard system that uses the heat generated by EV batteries to warm the cabin, improve charging efficiency, and even increase vehicle acceleration. The energy recovery system can extend the range of the vehicle by about 10%.