May 21, 2024


Like All Trades

GM confirms it will offer all-electric sports car

General Motors is confirming what President Joe Biden told the world about 18 months ago: There will be an all-electric Corvette. 

On Monday, GM President Mark Reuss announced that, in addition to the new Chevrolet Corvette Z06 and other gas-powered variants coming, “we will offer an electrified and a fully electric, Ultium-based Corvette in the future.”

An “electrified” version means a form of electrification that is not a full EV, said GM spokesman Shad Balch. Balch declined to comment further on the specific type of application.

Reuss first said on CNBC and then wrote about it on his LinkedIn page. He said the electrified Corvette will come out “as early as next year” and said more details “and names” will come at a later date.

The news is not totally unexpected. In an 80-second campaign spot posted on Biden’s Twitter account in August 2020, Biden talked about his love of the Corvette and the American car market. In it, he says, “They tell me that GM is making an all-electric version of its iconic sports car that will go 200 mph.”

EXCLUSIVE:Asian women are shut out of leadership at America’s top companies. Our data shows why

INFLATION’S IMPACT:This economist bucks conventional wisdom on curbing inflation. His solution isn’t easy.

A photo of the future electric version of the Corvette that General Motors announced on April 25, 2022 that it will build.

The Detroit Free Press was first to confirm there would be an electric version of the Corvette two years ago. A person familiar with production of the Corvette at GM’s Bowling Green Assembly in Kentucky told the Free Press that there were indeed plans for an all-electric version. At the time, in 2020, the person said the vehicle was about two years out, noting it will follow GM’s performance versions of the car due to market in 2021 and 2022. The person declined to be named because there was no authorization to speak to the media.