General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said.
The automaker will continue to manufacture traditional models with internal combustion engines alongside the new electrified models. Reuss did not disclose when the all-electric Corvette would be released or if it would be a traditional hybrid or plug-in hybrid electric vehicle.
“We will have an electrified Corvette next year, so it’s coming very quick,” Reuss told CNBC. “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 engine”, he said.
GM’s announcement comes amid increased pressure for legacy automakers to better compete against EV industry leader Tesla.
GM has announced plans to exclusively sell electric vehicles by 2035 and plans to release 30 new EVs globally by 2025 through.
To match this goal earlier this month GM and Honda announced that they are planning a joint project to develop some affordable electric vehicles that will use GM’s next-generation Ultium battery technology.
Also last January GM said that it plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.