By General Motors Co. is developing a hybrid version of its Chevrolet Corvette that could arrive at dealerships as early as next year.
A fully electric version of the iconic sports car is also in the works, said GM President Mark Reuss.
Further details will be released at a later date, he said. Reuss made the announcement in a LinkedIn post, Monday, following an appearance on CNBC.
A spokesman for GM
GM,
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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.
TSLA,
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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.
An expanded version of this report appears on WSJ.com.
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