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Chevy Corvette E-Ray Hybrid Sports Car Starts at $104,000

DETROIT – General Motors’ The first-ever “electrified” Corvette will be available later this year for over $104,000, the automaker said Tuesday.

The car will also be all-wheel drive, another innovation for a typical American sports car.

The automaker said the E-Ray, which GM first confirmed to CNBC last year, will be the fastest production Corvette ever. It accelerates from 0 to 60 mph in 2.5 seconds and the quarter mile in 10.5 seconds — similar to some supercars and the current Corvette Z06 track car.

“This is a testament to the innovation this vehicle has represented throughout its 70-year legacy and certainly represents the future of what this vehicle is capable of offering in the future,” said Scott Bell, vice president of Chevrolet, during the briefing.

An all-electric Corvette is expected at some point, but GM hasn’t announced a timeline for the EV version. The Detroit automaker said it plans to offer exclusively electric vehicles by 2035.

The E-Ray hybrid system features an electric motor on the front axle that provides 160 extra horsepower and 125 lb-ft of torque. It provides faster takeoff than a traditional internal combustion engine.

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

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Overall, according to GM, the E-Ray produces 655 horsepower from both the electric motor and the small-block V-8. It will be available in coupe and convertible body styles.

The E-Ray is expected to be the only hybrid in GM’s lineup when it hits dealer showrooms. GM stopped making hybrid and plug-in hybrid electric vehicles, or PHEVs, over the years to focus solely on all-electric cars and trucks.

Officials said the E-Ray was developed prior to such plans in connection with the development of the eighth generation Corvette, or C8, which debuted in July 2019. the front of the car.

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

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According to Harlan Charles, product marketing manager for the Chevrolet Corvette, the hybrid system was specifically designed for the eighth generation Corvette. The battery system is charged primarily by regenerative energy during coasting and braking, as well as during normal driving.

GM chose the hybrid Corvette over the PHEV because it offered better overall vehicle performance.

“The mission of this car was performance, performance and more performance,” said Mike Kociba, Corvette lead development engineer. “Every kilogram or pound had to earn its place in terms of mass… It simply and negatively impacted performance.”

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The E-Ray coupe will start at $104,295 and the convertible will start at $111,295. The price is slightly lower than the $106,695 Corvette Z06. The price includes mandatory fees for destination and delivery.

GM introduced the E-Ray at the 70thth the anniversary of the Detroit automaker unveiling the original Corvette concept car at the Motorama Auto Show in New York.

The E-Ray is expected to be one of eight new or redesigned Chevrolet models in 2023. Others include all-electric versions of the Silverado pickup, the Equinox and Blazer crossovers, and the gas-powered Colorado and Trax.

GM announces electrified Corvette

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