Chevrolet said today in Oshawa that it will introduce the first-ever Corvette hybrid with all-wheel-drive and a 6.2-liter LT2 Small Block V8 rated at 495 horsepower and 470 lb.-ft of torque sent to the rear axle. The so-called 2024 E-Ray has a front-drive electric motor that adds an additional 160 horsepower and 125 lb. ft. of torque through the front wheels via a 1.9 kWh battery pack located between the seats. It is mildly pudgy at a dry 3800-3900 pounds. However, in total, E-Ray produces a combined 655 horsepower from both the electric motor and the small block V8.

Not surprisingly, the E-Ray is the quickest production Corvette in history at 2.5-second 0-60 mph (0-96 km/h) time with a quarter-mile in 10.5 seconds, according to General Motors. The 2024 Corvette E-Ray goes on sale in late 2023 as a 2024 model, priced ranging from ~$103,000 to $114,000 or more.* Production will be at GM’s Bowling Green Assembly facility in Kentucky.

The 2024 Corvette E-Ray’s electrified propulsion system provides quick acceleration to power out of corners, and effortlessly complete passing maneuvers. It can also provide limited all-electric propulsion at the driver’s discretion upon startup.
E-Ray’s standard Active Fuel Management system uses the electric motor to extend 4-cylinder operation in various driving scenarios designed to help reduce fuel consumption, Chevrolet claims.

The amount of electric assist comes from six driver-selectable modes: Tour, Sport, Track, Weather, My Mode and Z-Mode. Drivers can also select Charge+ feature which maximizes the battery’s state of charge. The E-Ray Performance App on the infotainment system provides the driver technical insights of how the propulsion system is operating. There are three primary display layouts:
1. Gauges (displays dynamic power output from electric motor and V8 engine)
2. Dyno (provides graph of power/torque across selectable time intervals)
3. Data (showcases electrical system performance and efficiency).