Ready for sticker shock on a new 'Vette? How about an electric hybrid one...

 
 

A fully electric version of the iconic sports car is also in the works, said GM President Mark Reuss. A spokesman for GM didn’t specify whether the first electric Corvette would be a hybrid with an electric motor and gasoline engine that doesn’t require plugging in or a plug-in electric hybrid model. 

GM’s Corvette announcement comes as legacy auto makers race to produce more electric vehicles to compete with Tesla Inc. The Detroit auto maker said it is working to surpass Tesla in EV sales, and is investing $35 billion in electric and autonomous vehicles through 2025.

GM said it would invest nearly $6 billion in Michigan alone to produce electric pickup trucks. It is also splitting the cost of a $2.6 billion battery factory with partner LG Energy Solution. The auto maker didn’t say where the electric Corvettes would be assembled.

The starting price of a 2022 Corvette Stingray is $60,900, according to the Chevrolet website.

This thing is gonna cost a fortune. 

Keep peelin' 'em, brutha - it's gonna take 

a shitload of those to get one of these... 

The company also said Monday that it has developed an energy-recovery system that takes heat generated from the batteries of its electric vehicles to warm the inside of a vehicle more quickly than vehicles with a traditional combustion engine. The energy-recovery system can also increase the driving range of electric vehicles by 10% and boost acceleration.

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