The discussions remain ongoing.
Sales of the Chevrolet Camaro have been lackluster for quite some time, even prior to the semiconductor chip shortage which shut down the muscle car's assembly line. The sixth-generation Camaro is definitely aging but it's still competitive against the Ford Mustang and Dodge Challenger. Problem is, not enough people are buying them. Discontinuing it might sound like the easiest option but the Camaro is a Chevy icon right up there with the Corvette.
According to GM Authority, a few scenarios are being examined by GM management. The first would be to discontinue the Camaro as originally planned following the 2023 or 2024 model year.
That's looking increasingly unlikely because the Camaro has been committed to the Australian Supercar racing series until 2026. What will happen after that? There's a strong possibility that the seventh-generation Camaro will adopt an all-electric powertrain. GM already has the flexible Ultium platform and batteries and a silhouette of an EV looking very Camaro-like was recently teased.
As was the case with the C8 Corvette, GM made a bold decision and the high risk is paying off big time right now. This doesn't mean the next Camaro will switch to a mid-engined setup as well (it won't), but the C8 proves Chevy can take some chances with its most iconic models.
Ford is proving that people are ready for an all-electric Mustang variant that's paving the way to a future Mustang EV. Given that the combustion-engined Camaro isn't as popular as it once was, it's time to go bold. Based on known facts and the way the industry is currently heading, an all-electric Camaro seems to be a given. The question that remains is when will it arrive.
Don't expect anything to happen prior to 2026 or 2027 but we wouldn't be surprised to find out GM senior management is on the cusp of giving the Camaro EV the greenlight. There's no reason to even bother with a hybrid or plug-in hybrid variant at this point.