The Chevrolet Camaro Could Return As A $34,995 Pony EV: GM President

The Chevrolet Camaro Could Return As A $34,995 Pony EV: GM President

Even before the gas-powered Chevrolet Camaro was discontinued late last year, there were rumors that the iconic pony car nameplate would go down the battery-powered route. With the two-door model gone and General Motors aiming to become an all-electric car company, the Camaro’s future as an EV is almost assured.

But while Ford went down the sporty crossover path with the Mustang Mach-E, Chevrolet will reportedly avoid the SUV craze when it comes to recreating the Camaro as an all-electric car.

Get Fully Charged

GM’s EV game

Even though General Motors had a rough year in 2023 when it came to its all-electric car business, this year is looking much more promising. The affordable Chevrolet Equinox EV is hitting dealers, deliveries of the 440-mile Silverado EV RST are underway, and many, many more models are in the pipeline, including a battery-powered Camaro, which could come in a couple of years if rumors are to be believed.

According to GM President Mark Reuss, who spoke with MotorTrend, the next-generation Chevrolet Camaro will make a comeback as an electric car and not a crossover, designed to appeal to a broader audience, not just hardcore enthusiasts.

Price-wise, Reuss said that the battery-powered pony car could be positioned similarly to the 2024 Chevrolet Equinox EV that just started shipping to dealers with an MSRP of $43,295 (destination charge included). However, later this year, the entry-level Equinox EV will enter the chat with an estimated price of $35,000, making the four-door Camaro even more attractive.

Add in the potential to be eligible for the $7,500 tax credit, and electric sports car enthusiasts are looking at a hypothetical offering of just $27,500. That’s almost $11,500 cheaper than the entry-level Tesla Model 3, which isn’t currently eligible for the federal tax credit when purchasing.

2022 Chevrolet Camaro in Vivid Orange

The previous generation Chevrolet Camaro was available as a two-door coupe and convertible.

With all this being said, however, to make everything happen, General Motors needs to ramp up production of its Ultium battery cells to lower costs. The company is doing a pretty good job of that now, even though last year it experienced something of a head-scratcher, delaying models and having a hard time putting the necessary pieces together to bring models like the Chevy Blazer EV and Silverado EV to the market.

We still don’t know when the reimagined Camaro EV will hit the streets—rumor is that GM is eyeing 2026, but there’s no official confirmation yet.

What’s your take on this? Would a sub-$30,000 electric Camaro tickle your fancy? Let us know in the comments.

Get the best news, reviews, columns, and more delivered straight to your inbox.
For more information, read our
Privacy Policy and Terms of Use.

The iconic Chevrolet Camaro, a beloved staple in the American automotive industry, could potentially make a return in an electric form as a Pony EV priced at $34,995. This exciting news comes straight from the President of General Motors, signaling a significant shift towards electrification in the popular sports car segment.

The Camaro has long been synonymous with power, performance, and style, capturing the hearts of car enthusiasts around the world. With the rise of electric vehicles and the increasing demand for sustainable transportation solutions, it comes as no surprise that General Motors is considering reviving the Camaro in an electric avatar.

According to the GM President, the proposed Pony EV version of the Camaro would be priced competitively at $34,995, making it an attractive option for consumers looking to make the switch to electric vehicles without compromising on performance or style. The affordability of the electric Camaro could potentially open up a new market segment for General Motors and appeal to a broader range of customers.

While details about the specifications and features of the electric Camaro are still scarce, it is likely that the vehicle would offer impressive performance capabilities, cutting-edge technology, and a sleek design that pays homage to its legendary heritage. With advancements in electric vehicle technology allowing for faster acceleration, longer range, and enhanced driving dynamics, the electric Camaro could potentially outperform its traditional gasoline-powered counterparts.

The potential return of the Chevrolet Camaro as a Pony EV signifies General Motors’ commitment to embracing electrification and sustainable mobility solutions. As regulations around emissions become stricter and consumer preferences shift towards electric vehicles, automakers are increasingly investing in electric platforms and expanding their electric vehicle offerings.

The news of the electric Camaro’s possible return has generated considerable excitement among car enthusiasts and industry experts alike, highlighting the enduring appeal of the iconic sports car. If General Motors proceeds with the development and production of the electric Camaro, it could mark a significant milestone in the evolution of the automotive industry and pave the way for more electric sports cars in the future.

In conclusion, the potential return of the Chevrolet Camaro as a $34,995 Pony EV represents a bold step towards electrification in the sports car segment and underscores General Motors’ commitment to innovation and sustainability. With its iconic design, powerful performance, and competitive pricing, the electric Camaro could potentially reignite the passion of enthusiasts and attract a new generation of drivers to the electric vehicle revolution. Only time will tell if the electric Camaro will become a reality, but one thing is certain – the automotive world is in for an electrifying ride.