GM Reportedly Shelves Corvette SUV and Electric Sports Car Plans

GM has reportedly shelved plans for an all-electric Corvette SUV and a dedicated two-door electric sports car, according to GM Authority. The move comes amid a sharp slowdown in EV demand and a stronger-than-expected performance from the existing gas and hybrid Corvette lineup.

What was cancelled

• Corvette SUV (codename V224): An all-electric SUV that was expected to launch between 2025 and 2026.
• Two-door EV (codename V284): A dedicated all-electric sports car, also in the 2025–2026 window.
• Fastback variant: A third model, reportedly less confirmed, may also be off the table.

Why GM is pivoting

GM's EV sales fell 62% year-over-year in Q3 2026, a decline that follows the expiration of the U.S. $7,500 federal EV tax credit in 2025. By contrast, the existing Corvette — including the hybrid Grand Sport X and the 1,250-horsepower ZR1X — sold 6,585 units in Q3 2026, up 28.5% from 5,123 in the same period last year.

The numbers suggest that GM's current formula — gas and hybrid performance cars at accessible price points — is outperforming its EV expansion plans. GM is also preparing its Lansing, Michigan Delta Township plant for future hybrid production, signaling a strategic shift away from an all-electric Corvette roadmap.

Canadian perspective

While the Corvette has never had a major Canadian retail presence, the decision is significant for the broader EV market. It reinforces a pattern seen across the industry — Ford ending F-150 Lightning production, Ram dropping its all-electric 1500 in favor of a range-extended version — where automakers are retreating from aggressive EV targets as demand fails to materialize. For Canadian buyers, this means fewer premium EV performance options in the near term and continued dominance of hybrid and gas-powered performance vehicles.

GM has not officially confirmed the cancellations. Corvette chief engineer Tony Roma has previously stated that the nameplate will eventually go fully electric, though not in the near term.

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