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Why GM's new Chevy Corvette is a hybrid and not an all-electric car - TL;DR CNBC

Why GM's new Chevy Corvette is a hybrid and not an all-electric car

Publishing timestamp: 2023-01-19 09:58:48


Summary

General Motors has released the first ever hybrid version of the iconic Chevrolet Corvette, the Corvette E-Ray. GM had already developed the technology for the hybrid version prior to their more aggressive EV ambitions. The hybrid version of the Corvette is designed to test the waters of electrification for the car and to attract new buyers to the company. GM has discontinued all hybrids, including plug-in hybrids, to focus investment on all-electric vehicles. The hybrid system was specifically designed for the eighth-generation Corvette and the battery system is charged mostly via regenerative energy from coasting and braking. GM is expected to debut an all-electric SUV version of the Corvette around 2025.


Sentiment: POSITIVE

Tickers: GMF

Keywords: mark reussgeneral motors cobreaking news: businessbusinessford motor coautostransportationbusiness news

Source: https://www.cnbc.com/2023/01/19/chevy-corvette-e-ray-why-its-a-hybrid-and-not-an-all-electric-car.html


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