GM announces it will make electric Corvette

Agence France-Presse

Posted at Apr 26 2022 10:14 AM

A visitor walks near a Chevrolet Corvette of General Motors (GM) during the opening of the international exhibition for luxury goods 'Lux Only' in Sofia, Bulgaria, on 04 December 2008. Vassil Donev, EPA-EFE/File
A visitor walks near a Chevrolet Corvette of General Motors (GM) during the opening of the international exhibition for luxury goods 'Lux Only' in Sofia, Bulgaria, on 04 December 2008. Vassil Donev, EPA-EFE/File

WASHINGTON - US carmaker General Motors announced that it is developing an electric version of its Chevrolet Corvette.

"We will offer an electrified Corvette as early as next year," said the Detroit-based auto manufacturer in a statement. "Details and names to come at a later date."

"Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric" Corvette in the future, Mark Reuss, GM president said on the professional site LinkedIn.

The announcement comes as traditional automakers are in a race to produce more electric vehicles to compete with Tesla. 

GM has set a goal of overtaking Tesla in electric vehicle sales, and to achieve that, it plans to invest $35 billion in electric and autonomous vehicles by 2025. 

Although very popular with major manufacturers, electric vehicles currently only represent a small percentage of total car sales worldwide. 

In the electric sector, GM collaborates with Japanese car maker Honda. At the beginning of April, they announced that they would co-develop a new line of electric vehicles at "affordable" prices, with production due to begin in 2027.

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