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.
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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.
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.
The Chevrolet Camaro Could Return As A $34,995 Pony EV: GM President
In a recent announcement, General Motors President, Mark Reuss, stated that the iconic Chevrolet Camaro could make a return, but with a significant twist. Instead of the roaring V8 engines that have defined the Camaro for decades, the new incarnation of the legendary muscle car could be an all-electric vehicle (EV) with a starting price of $34,995.
This potential shift in direction for the Camaro comes as part of GM’s broader strategy to transition to electric vehicles in the coming years. The company has already committed to launching 30 new EV models by 2025, and the Camaro could be one of the next in line to receive the electric treatment.
The decision to potentially resurrect the Camaro as an EV has sparked a mix of excitement and apprehension among fans of the iconic muscle car. On the one hand, an electric Camaro would offer environmental benefits, lower operating costs, and potentially even greater performance than its gasoline-powered predecessors. On the other hand, many enthusiasts have long associated the Camaro with the rumble of a V8 engine and the thrill of burning rubber on the open road.
Reuss emphasized that the potential EV Camaro would still embody the spirit of the original muscle car, with a focus on performance, design, and driving experience. While some traditionalists may be hesitant to embrace an electric Camaro, GM believes that the market for electric performance vehicles is only set to grow in the years to come.
If the Camaro does indeed return as a $34,995 Pony EV, it could represent a significant milestone in the history of the iconic muscle car. With electric vehicles becoming increasingly mainstream, the Camaro’s transition to an EV could help to solidify its place in the automotive landscape for years to come.
In conclusion, the potential return of the Chevrolet Camaro as an EV represents an exciting new chapter in the history of the iconic muscle car. While some fans may be wary of the shift to electric power, GM’s commitment to performance and innovation suggests that the future Camaro could be just as thrilling and dynamic as its predecessors. Only time will tell whether the electric Camaro will live up to the legacy of its gasoline-powered forebears, but one thing is for certain – the prospect of a $34,995 Pony EV is sure to generate plenty of buzz among automotive enthusiasts.