Rights to first Chevy Corvette E-Ray in 2024 sell for $1.1 million

Chevrolet unveiled its first electric Corvette in January. 2024 Corvette E-Ray.

It will go on sale later this year, but the rights to the first example VIN ending in 001 have already been sold.

The rights were put up for sale at a Barrett-Jackson auction in West Palm Beach, Florida over the weekend, and the final price paid was $1.1 million. That’s almost ten times the car’s starting price of $104,295 for him.

All proceeds from sales are donated by Chevy to DonorsChoose. DonorsChoose is a charity that allows individuals to donate directly to public school classroom projects.

Similarly, First 2023 Corvette Z06 sold for $3.6 million at a charity auction last year. First generation C8 Corvette It sold for $3 million. In both cases, the purchaser was Rick Hendrick, Chairman and CEO of Hendrick Automotive Group. The identity of the latest purchaser has not been disclosed.

The Corvette E-Ray shares a widebody design with the Corvette Z06, but its powertrain is very different. The car combines his 6.2-liter V8 engine from a Corvette Stingray with an electric motor for a total of 655 horsepower. It’s also the first Corvette to have all-wheel drive, as the motor is mounted on the front axle.

Peak power is the Z06’s 15 hp shy, but the E-Ray is 0.4 seconds faster from 0-60 mph in just 2.5 seconds. It also covers a quarter mile in 10.5 seconds, ten times faster than the Z06.

A convertible body style is also available, starting at $111,295. Rights to the first E-Ray convertible could also be put under the hammer.