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

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

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

GM

DETROIT – General Motors’ The first “electrified” Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday.

The vehicle will also be all-wheel drive, another first for the quintessential 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 will do 0-60 mph in 2.5 seconds and a quarter mile in 10.5 seconds, similar to some supercars and the current Corvette Z06 track car.

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

GM

“It’s a testament to the innovation that this car has represented throughout its 70-year legacy and it certainly represents the future of what this car is capable of delivering in the future,” said Scott Bell, Chevrolet vice president, during a Informative session.

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

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

In all, GM said the E-Ray produces a combined 655 horsepower from both the electric motor and the small-block V-8. It will be available as a coupe and convertible.

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

GM

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

Officials said the E-Ray was developed ahead of such plans, along with development of the eighth-generation Corvette, or C8, which debuted in July 2019. The car was the first Corvette to feature a mid-engine layout instead that the engine was located in the front of the vehicle.

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

GM decided on a hybrid Corvette over a PHEV because it offered better overall performance for the car.

2024 Chevrolet Corvette E-Ray Hybrid Sports Car

GM

“The mission of this vehicle was performance, performance, performance,” said Mike Kociba, Corvette’s principal development engineer. “Every kilogram or pound had to earn its place from a mass standpoint…it hurt performance, plain and simple.”

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

GM revealed the E-Ray in the 70’sthe anniversary of when the Detroit automaker unveiled the original Corvette concept at the Motorama auto show in New York City.

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

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