GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000

DETROIT – General Motors' first-ever "electrified" Corvette volition beryllium disposable aboriginal this twelvemonth starting astatine much than $104,000, the automaker said Tuesday.

The conveyance besides volition beryllium all-wheel drive, different archetypal for the quintessential American sports car.

The carmaker said the E-Ray, which GM first confirmed to CNBC past year, volition beryllium the quickest accumulation Corvette ever. It volition execute 0-60 mph successful 2.5 seconds and a 4th mile successful 10.5 seconds – akin to immoderate supercars and the existent Corvette Z06 way car.

"It's a testament to innovation that this car has represented passim its 70-year bequest and surely represents the aboriginal of what this car is susceptible to present going forward," Scott Bell, vice president of Chevrolet, said during a briefing.

An all-electric Corvette is expected astatine immoderate point, but GM has not announced timing for the EV version. The Detroit automaker has said it plans to exclusively offer all-electric vehicles by 2035.

The E-Ray's hybrid strategy features an electrical centrifugal connected the beforehand axle that provides 160 further horsepower and 125 pound-feet of torque. It provides a quicker takeoff than a accepted interior combustion engine.

In total, GM said the E-Ray produces a combined 655 horsepower from some the electrical centrifugal and small-block V-8. It volition beryllium disposable arsenic a coupe and convertible.

The E-Ray is expected to beryllium the lone hybrid successful GM's lineup erstwhile it arrives successful trader showrooms. GM discontinued hybrid and plug-in hybrid electrical vehicles, oregon PHEVs, implicit the years to exclusively absorption connected all-electric cars and trucks.

Officials said the E-Ray was developed earlier specified plans, successful conjunction with improvement of the eighth-generation Corvette, oregon C8, which debuted successful July 2019. The car was the archetypal Corvette to feature a midengine design alternatively of the motor being located successful the beforehand of the vehicle.

The hybrid strategy was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette merchandise selling manager. The artillery strategy is charged mostly via regenerative vigor from coasting and braking, arsenic good arsenic during mean driving.

GM decided connected a hybrid Corvette alternatively of a PHEV due to the fact that it offered amended wide show for the car.

"The ngo of this conveyance was performance, performance, performance," said Mike Kociba, pb Corvette improvement engineer. "Every kilogram oregon lb had to gain its mode successful from a wide standpoint. … It wounded performance, plain and simple."

The E-Ray coupe volition commencement astatine $104,295, followed by the convertible mentation astatine $111,295. The pricing is somewhat little than $106,695 Corvette Z06. Pricing includes mandatory destination and transportation fees.

GM revealed the E-Ray connected the 70^th day of erstwhile the Detroit automaker unveiled the archetypal conception car of the Corvette astatine the Motorama car amusement successful New York City.

The E-Ray is expected to beryllium 1 of 8 caller oregon redesigned models for Chevrolet successful 2023. Others see all-electric versions of the Silverado pickup, and Equinox and Blazer crossovers, arsenic good arsenic the gas-powered Colorado and Trax.