At the Barrett-Jackson Palm Beach Auction on April 15, the first-ever electrified 2024 Chevrolet Corvette E-Ray was sold for $1.1 million. The entire sum of money received from the auction will be donated to DonorsChoose, a non-profit organization that supports teachers and schools in low-income neighborhoods.
Rick Hendrick, who is the CEO and chairman of Hendrick Automotive Group and owner of Hendrick Motorsports, placed the winning bid of $1.1 million.
The E-Ray is a groundbreaking vehicle for the Corvette, marking a significant milestone in its 70-year history by introducing new capabilities. With a 6.2L Small Block V-8 engine located at the rear and an electric motor on the front axle, this all-wheel drive Corvette can generate 655 horsepower, making it the fastest Corvette in history with a 0-60 mph acceleration time of 2.5 seconds.
In addition to the sale of the 2024 Corvette E-Ray, Chevrolet auctioned off the first retail production models of the 2020 Corvette Stingray and the 2023 Corvette Z06. Altogether, these three vehicles raised a total of $9.1 million for charity through Barrett-Jackson auctions.