First Retail 2024 Corvette E-Ray Raises $1.1 Million

Last month, the first-ever retail production of the new 2024 Chevy Corvette E-Ray was able to raise over $1 million for education nonprofit DonorsChoose at the Barrett-Jackson Palm Beach Auction. The E-Ray marks a new point in the 70-year Corvette history as the first-ever electrified all-wheel drive with a 0-60 time of 2.5 seconds. Powered by a 6.2L Small Block V-8 in the rear and an electric motor on the front axle, the first all-wheel drive Corvette produces a combined 655 horsepower and is the quickest Corvette in history. 

Executive Chief Engineer Tadge Juechter took the stage to encourage bids and generate excitement for the E-Ray auction. DonorsChoose, founded in 2000 to provide resources to teachers, has now fulfilled more than two and a half million classroom projects by connecting donors to direct requests. One hundred percent of the sale price will be donated to DonorsChoose, creating a multitude of opportunities in meeting the needs of public schools in low-income communities. 

“General Motors and Chevrolet are proud to join DonorsChoose on its mission of combatting inequality in school funding by providing underserved communities with the resources needed for a quality education,” said Steve Majoros, chief marketing officer, Chevrolet. “The Corvette E-Ray is a special product for Chevrolet, and we are honored that the proceeds from the sale of VIN 001 will aid this organization in supporting students and teachers around the nation.”

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