GM says it will produce electric Chevrolet Corvettes

DETROIT – General Motors will produce an electrified Chevrolet Corvette subsequent year, adopted by an all-electric model of the long-lasting sports activities automobile, GM President Mark Reuss mentioned Monday.

Reuss mentioned the automaker will proceed to fabricate conventional fashions with inner combustion engines alongside the electrified fashions. He declined to reveal when the all-electric Corvette can be launched or whether or not the “electrified” mannequin can be a standard hybrid or plug-in hybrid electric car.

“We will have an electrified Corvette next year, so it’s coming very quick,” Reuss advised CNBC’s Phil LeBeau throughout an interview on “Squawk Box.” “This is in addition to all of the great performance that Chevrolet and Corvette have been known for, for many, many years with our internal combustion engines.”

GM’s affirmation of the electrified Corvettes comes amid elevated stress from Wall Street for legacy automakers to higher compete in opposition to EV trade chief Tesla. It additionally comes a day earlier than GM’s crosstown rival, Ford Motor, is scheduled to host an occasion for its electric F-150 Lightning pickup, which has obtained important consideration from buyers and media.

Rumors of an electric Corvette have been swirling for years, together with mentions by President Joe Biden, a Corvette proprietor.

GM has introduced plans to completely promote electric automobiles by 2035. The company is within the technique of releasing 30 new EVs globally by 2025 via a $35 billion funding in electric and autonomous automobiles by that point.

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