General Motors Says It Will Produce Electric Corvettes

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The Chevrolet Corvette has long been considered one of the most coveted and fastest sports cars. Now it’s turning electric.

General Motors President Mark Reuss said this week that the automaker will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car.

Reuss declined to disclose when the all-electric Corvette would be released or whether the “electrified” model would be a traditional hybrid or plug-in hybrid electric vehicle.

He said GM will continue to manufacture traditional models with internal combustion engines alongside the electrified models.

“We will have an electrified Corvette next year, so it’s coming very quick,” Reuss told CNBC’s Phil LeBeau 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,” he added.

News of the upcoming electric corvette comes a day before GM’s crosstown rival, Ford Motor, is scheduled to host an event for its electric F-150 Lightning pickup.

Rumors of an electric Corvette have been swirling for years, including mentions by President Joe Biden, a Corvette owner.

GM aims to exclusively sell electric vehicles by 2035 and is in the process of releasing 30 new EVs globally by 2025 through a $35 billion investment in electric and autonomous vehicles by that time.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.