Electric Corvette Announced – Coming Sooner Than Expected

April 25, 2022

General Motors President Mark Reuss told CNBC Monday that ‘electrified’ and fully-electric Chevrolet Corvette versions will be out as soon as 2023. An electric Corvette has long been rumored, but this is the first official news about the Corvette EV. 2022 and especially 2023 are shaping up to be pivotal years for GM’s electrification strategy, as the automaker looks beyond the Chevy Bolt towards mainstream EVs like the Silverado EV and Chevrolet Equinox EV. 

First, GM will debut an electrified Corvette in 2023. This will be either a hybrid Corvette, a plug-in hybrid, or both. News of a hybrid Corvette may perplex Corvette aficionados, however other performance cars have seen much success with hybrid powertrains, including the BMW i8 and the new McLaren Artura. 

Electric Corvette Powered By GM’s Ultium Platform

To those accustomed to associating General Motor’s electric vehicles with appliance-looking Chevy Bolts, fear not. The new electric Corvette will be powered by the all-new Ultium battery and electric motor platform. The Ultium platform recently made its production debut in the Cadillac Lyriq luxury crossover, as well as the lavish GMC Hummer EV. GM partnered with LG Chem to engineer the Ultium battery. LG Chem also makes batteries for Tesla, Lucid, Stellantis, and other automakers. 

The strengths of the Ultium platform are lowered battery costs, higher energy efficiency, and faster charging. All three of these improvements are going to be central to GM’s fight to compete with both Tesla and Ford in the years to come.

General Motors CEO Mary Barra says that the new Ultium electric platform will unlock battery production at scale for less than $100 per kilowatt-hour. Combined with Ultium’s improved efficiency and ultra-fast charging (at up to 350 kW speeds), GM is banking on their new platform to catch up to Tesla. In fact, the Ultium battery and motor powertrain was chosen by Honda’s engineers to power the upcoming Honda Prologue electric SUV. 

Electric Corvette Specs and Performance

For now, General Motors President Mark Reuss is not sharing many details. He did liken the announcement of the Corvette EV to the coming 2023 Corvette Z06, so he’s setting the bar high. Chevrolet shared a 30-second teaser video, and all-wheel drive looks likely. That would put the Corvette EV on par with competing electric sports cars, including Teslas. We’ll be sure to update this page with the latest once more details are announced. 

What do you think about the electric Corvette? Join the CarEdge Community to connect with auto enthusiasts and car buying experts. We’ve helped members save thousands of dollars in today’s hectic market. Join the fastest-growing automotive community online at CarEdge to see why car ownership minus the headaches is changing the game.

Get the most when you sell your car.

Compare and choose multiple offers in minutes:

COVERAGE YOU CAN TRUST

CarEdge Extended Warranty

Peace of mind without the markup.
Flexible terms & pricing.
Coverage details

 

Discover the right insurance for you

Compare different providers with no spam phone calls:

Call us 855.786.1144

M-F: 8AM – 9PM EST
Sat: 10AM – 6PM EST

Save more with CarEdge+

CarEdge+ Membership pays for itself for all things auto.

Unlimited access to CarEdge car buying tools, our team of Auto Experts, savings on maintenance, and repairs, and more.

Join CarEdge+
Learn More

Join CarEdge for Free

Get instant access to members-only resources.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Consultations

$50 per 15-minute live session

Chat with a CarEdge Auto Expert to make sure you’re negotiating a fair deal.

  • Connect live on video or call.
  • Get live advice on any part of the buying process.
  • Ask us anything about your journey.

CarEdge Coach

$99 one-time

Partner with a dedicated coach to help you save thousands on your car deal.

  • Your coach will guide and assist through your journey.
  • Access to all premium resources, like Deal School 3.0, email templates and market pricing!
  • Learn how to buy a car with leverage and confidence.

CarEdge Concierge

$999 one-time

A dedicated concierge to handle all aspects of your car deal for you.

  • Concierge handles all communication with the dealer.
  • We negotiate the selling price, trade in, financing, warranties and insurance.
  • We listen, do the leg work and secure your deal.

Auto insights. Right in your inbox.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Get the latest trends and money-saving strategies, once a week.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Related articles

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This