GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

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An affordable Chevy Camaro EV? That could become a reality. GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV.

Since announcing it will retire the sixth-gen Chevy Camaro at the end of the 2024MY, rumors have swirled about the iconic muscle car’s next chapter.

Chevy says this is not the final chapter for the nameplate. A December 2022 Car and Driver post suggested the Camaro could even receive its own sub-brand.

The news came after a source from within GM’s Tech Center told them that the Corvette nameplate was due for the same treatment.

Among the considerations were a 2+2 coupe, convertible, and two- and four-door SUVs. The report also mentioned the possibility of a “mid-price” flagship electric sports car “loosely linked to the C9 Corvette in content.”

One thing is for sure: the Camaro name will live on. Scott Bell, vice president of Chevy Global, confirmed, “This is not the end of Camaro’s story” last year.

Affordable-Chevy-Camaro-EV
2024 Chevrolet Camaro ZL1 with Collector’s Edition Package (Source: Chevrolet)

Chevy Camaro to live on as an affordable ($35K) EV

Reuss recently confirmed the news, telling MotorTrend that the Camaro needs to make a comeback as a real pony car, but with electric power.

He hinted it could be priced around $35,000, similar to the new Chevy Equinox EV. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. In comparison, the sixth-gen Camaro started at just over $30,000.

Chevy plans to keep the prices down by focusing on style and features rather than strictly performance.

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2024 Chevy Equinox EV 3RS (Source: Chevrolet)

The report suggests GM has yet to decide if it will be a car or crossover, but it likely won’t be a two door like many were hoping for. However, don’t count out a high-performance variant in the coming years.

GM has yet to reveal official specs and info, but the Chevy Camaro EV is expected to ride on its Ultium platform, which is also used for the Blazer, Equinox, Silverado, and GMC Hummer EV, Cadillac Lyriq EVs.

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Hummer EV (Source: GMC)

The GMC Hummer, based on the Ultium platform, packs up to 1,000 hp and 11,500 lb-ft of torque. GM says the Ultium battery enables +300 miles range (the Silverado EV gets 440 miles) and a 0 to 60 mph in as little as 3 seconds. It also supports FWD, RWD, and AWD.

Would you buy an electric Camaro? If so, would you buy it for style and features, or performance? Let us know your thoughts below.

Meanwhile, the first Chevy Equinox EVs are being delivered to customers. Although the cheapest model (2LT) starts at $43,295, GM says the $34,995 (1LT) version will be available later this year.

Chevy Equinox EV trim

Starting Price
1LT FWD $34,995
2LT FWD $43,295
2RS FWD $44,795
3LT FWD $45,295
3RS FWD $46,795
Chevy Equinox EV prices (including $1,395 destination fee)

With the $7,500 tax credit, the Equinox can be bought for as low as $35,795. The 1LT will be available with prices as low as $27,495.

The Chevy Blazer EV is also eligible for the credit. After recent price cuts, the electric Blazer starts at $42,695, including the credit.

GM revealed specs for the new Chevy Silverado EV RST First Edition. It will have 440 mile range with GM-estimated 754 hp and 785 lb-ft of torque.

If you’re in the market for a new EV, Chevy is offering massive savings on its new Blazer, Equinox, and Silverado EVs as they hit the market. You can use our links below to find deals on Chevy’s new EVs at a dealer near you.

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