General Motors Co President Mark Reuss said on Monday the automaker would launch an electrified version of its two-door Corvette sports car as soon as next year.

The company will launch an electrified version of the Corvette, which will be followed by an all-electric version using GM’s Ultium battery technology, Reuss said on LinkedIn.

His comments about launching an electric Corvette were aired earlier on an interview with CNBC.

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GM’s Corvette that has traditionally been fitted with petrol engines, races to keep up with other competitors in the space, such as Ferrari NV, which offer gasoline-electric hybrid and turbocharged engines.