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GM says it will produce electric Chevrolet Corvettes

DETROIT – Normal Motors will produce an electrified Chevrolet Corvette subsequent yr, adopted by an all-electric model of the enduring sports activities automobile, GM President Mark Reuss stated Monday.

Reuss stated the automaker will proceed to fabricate conventional fashions with inner combustion engines alongside the electrified fashions. He declined to reveal when the all-electric Corvette can be launched or whether or not the “electrified” mannequin can be a conventional hybrid or plug-in hybrid electrical automobile.

“We can have an electrified Corvette subsequent yr, so it is coming very fast,” Reuss informed CNBC’s Phil LeBeau throughout an interview on “Squawk Field.” “That is along with the entire nice efficiency that Chevrolet and Corvette have been identified for, for a lot of, a few years with our inner combustion engines.”

GM’s affirmation of the electrified Corvettes comes amid elevated stress from Wall Road for legacy automakers to raised compete towards EV business chief Tesla. It additionally comes a day earlier than GM’s crosstown rival, Ford Motor, is scheduled to host an occasion for its electrical F-150 Lightning pickup, which has obtained vital consideration from buyers and media.

Rumors of an electrical Corvette have been swirling for years, together with mentions by President Joe Biden, a Corvette proprietor.

GM has introduced plans to solely promote electrical autos by 2035. The corporate is within the means of releasing 30 new EVs globally by 2025 by means of a $35 billion funding in electrical and autonomous autos by that point.

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