General Motors has reportedly shelved plans to expand the Chevrolet Corvette into a family of electric vehicles, including an SUV and a sports car. The move would keep the Corvette focused on its traditional sports car identity as electric vehicle adoption continues to fall short of automakers’ expectations.
GM Reportedly Shelves Corvette Electric SUV Plans
Rumors of an expanded Corvette lineup gained momentum after Ford introduced the Mustang Mach-E, an electric compact SUV that outsold the Mustang pony car for the past two years.
Reports suggested Chevrolet was considering a similar strategy, potentially adding an electric SUV, a fastback sedan and a battery-powered sports car under the Corvette name.
The electric SUV and sports car programs were reportedly real, while the fastback sedan remained a possibility.
The reported internal program codes were V224 for the electric SUV, V284 for the electric sports car and V285 for the potential sedan.
All three vehicles were reportedly planned to use a high-end version of GM’s modular battery-electric platform, known as BEV Prime.
However, GM has reportedly shelved all three projects. The automaker could potentially revisit the electric sports car in the future, but it currently has no plans to do so.
Why GM Is Reconsidering Its Corvette EV Strategy
Expanding the Corvette into an electric vehicle lineup would have aligned with the industry optimism surrounding EVs following the pandemic.
GM CEO Mary Barra famously pledged to make the automaker’s entire light-vehicle lineup electric by 2035.
The idea of a Corvette sub-brand also attracted financial interest, with Morgan Stanley analyst Adam Jonas reportedly suggesting it could reach a valuation of as much as $12 billion.
However, electric vehicle adoption has been much slower than automakers anticipated, particularly after the federal tax credit was scrapped last year.
GM sold around 170,000 EVs in the United States in 2025, accounting for approximately 6% of its total sales. Despite that share, the automaker ranked as the country’s second-largest EV manufacturer after Tesla.
GM’s High-End Electric Vehicles Face Sales Challenges
GM’s premium electric vehicles have struggled more than its lower-priced models, reflecting challenges that extend beyond the company.
Porsche has also encountered difficulties with its electric vehicle program.
The Cadillac Vistiq, Cadillac Escalade IQ and GMC Sierra EV each recorded around 8,000 sales last year.
By comparison, GM’s best-selling electric vehicle was the Chevrolet Equinox EV, which came close to 58,000 sales.
The sales gap highlights the challenges facing GM’s more expensive electric models as the automaker reassesses its future EV plans.
Corvette Remains Focused on Performance
With the reported cancellation of the electric vehicle expansion, the Corvette name is expected to remain focused on sports cars rather than becoming a broader family of battery-powered vehicles.
Although GM could reconsider an electric Corvette sports car in the future, the company currently has no plans to revive the shelved projects.
For now, the Corvette’s future remains centered on its established sports car identity as GM adjusts its electric vehicle strategy to reflect market conditions.
