In a bid to claim major stakes in the electric vehicle transformation underway, the US-based automotive manufacturer General Motors has announced that it will produce a fully electric Corvette model. To be available early next year, the announcement comes as investors push automakers to commit chunks of their fleet to electric vehicles.

Without delving into many details, Mark Reuss, President of GM, said that an electrified Corvette would be introduced first, followed by a fully electric Ultium-based Corvette. 

Customers can expect the electrified Corvette to be available in US markets by 2023. The company has said that it will reveal more details and market availability later.

GM also announced Ultium Platform’s energy recovery system. This patented onboard system takes the heat generated by EV batteries to warm the cabin, create more efficient charging conditions, and even increase vehicle acceleration. This would boost the vehicle’s range by about 10%. 

“It’s a perfect example of how developing a ground-up EV platform like Ultium enables unique features not easily done with a retrofit,” the company said in a press statement. 

As gas prices continue to rise and consumers seek alternatives, there has been an uptick in global demand for EVs. The Middle East is witnessing the EV trend as international car manufacturers ink deals with local governments in the segment. Recently, KSA signed an agreement with Lucid Motors to purchase a minimum of 50,000 EVs and up to 100,000 EVs over a ten-year period to ramp up its initiatives to diversify its economy. 

Additionally, BMW unveiled the i7, the electric version of a new generation of the BMW 7 Series flagship, which will be available in the Middle East market this year.