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. 

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