2020 Chevrolet Corvette
DETROIT – General Motors will produce an electrified Chevrolet Corvette subsequent yr, adopted by an all-electric model of the long-lasting sports activities automobile, GM President Mark Reuss stated Monday.
Reuss stated the automaker will proceed to supply conventional fashions with inside 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 conventional hybrid or plug-in hybrid electrical automobile.
“We may have an electrified Corvette subsequent yr, so it is coming very fast,” Reuss informed CNBC’s Phil LeBeau throughout an interview on “Squawk Box.” “That is along with the entire nice efficiency that Chevrolet and Corvette have been identified for, for a lot of, a few years with our inside combustion engines.”
GM’s affirmation of the electrified Corvettes comes amid elevated stress from Wall Road for legacy automakers to higher compete towards 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 electrical F-150 Lightning pickup, which has obtained vital consideration from traders and media.
Rumors of an electrical Corvette have been swirling for years, together with President Joe Biden mentioning it final yr throughout a marketing campaign industrial.
GM has introduced plans to solely promote electrical automobiles by 2035. The corporate is within the means of releasing 30 new EVs globally by 2025 via a $35 billion funding in electrical and autonomous by that point.