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
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.
An expanded version of this report appears on WSJ.com.
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