Earlier today, General Motors made an announcement that proves dreams really do come true — at least, in the realm of long-awaited, performance EVs. GM has finally revealed that an all-electric, AWD Corvette is officially in the works, which will be powered by GM’s Ultium platform’s “energy recovery system.”
GM president Mark Reuss took to LinkedIn to share the news, alluding to the release of a hybrid Corvette in 2023 and a fully electric Corvette in the future. “Some time ago we moved the Corvette team into the EV space in Warren, Michigan, and when we revealed the new mid-engine Corvette, I said there would be “more to come.” This morning I sat down with Phil LeBeau of CNBC and finally answered the question I’ve been asked countless times,” his post read. “Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric, Ultium-based Corvette in the future. In fact, we will offer an electrified Corvette as early as next year. Details and names to come at a later date.”
Reuss went on to speak to the Ultium Platform’s energy recovery system, which promises to help boost range, increase vehicle acceleration, improve charging times, and heat car interiors with excess heat produced by the batteries.
“It can boost the vehicle’s range by about 10 per cent,” Reuss shared. “It’s a perfect example of how developing a ground-up EV platform like Ultium enables unique features not easily done with a retrofit.” Currently, the Ultium platform is already in use in GM’s Ultium vehicles including the GMC Hummer, upcoming Cadillac Lyriq and some other vehicles which have not yet reached distribution.

2023 Chevrolet Corvette Z06
Judging by the video released this week by General Motors on an AWD Corvette variant – and the snarl of the V8 engine – we can expect the new ‘Vette to sport a hybrid powertrain.