The Chevrolet Camaro may be gone for now, but it’s almost certainly not gone for good. New reports from industry insiders suggest the iconic nameplate is set to make a comeback as the 2027 Camaro, but in a form that will be completely unrecognizable to longtime fans. History seems ready to repeat itself, as Chevrolet is apparently preparing to once again build a direct competitor to the Ford Mustang—only this time, the target is the all-electric Mustang Mach-E.

According to sources cited by MotorTrend, the next-generation Camaro will be resurrected not as a two-door, gasoline-powered coupe, but as a sleek, electric SUV. This move makes a lot of sense from a business perspective. The market for traditional two-door cars continues to shrink, while the popularity of SUVs is at an all-time high. The runaway success of the Mustang Mach-E proved that even the most die-hard enthusiast brands can find new customers by adapting an iconic name to a more practical body style. While some will surely cry foul, a Camaro EV SUV is a logical step in the modern market.

The new Camaro will likely ride on General Motors’ flexible BEV3 architecture, which does not include provisions for any ICE powerplants, much less the V8s Camaro fans are used to. This would allow Chevrolet to create a full lineup of Camaro trims, from a base, single-motor, rear-wheel-drive version to a high-performance, dual-motor, all-wheel-drive variant. Power could come from the same Ultium battery packs used in the Blazer EV, with an 85-kWh unit for standard models and a larger 102-kWh pack for long-range or performance versions. More basic versions of the 2027 Camaro equipped with LT or RS trims are likely to use a single motor driving the rear wheels.

While Chevrolet has officially remained silent on the matter, giving the standard “we do not comment on speculation” line, the writing appears to be on the wall. The Camaro is a name too valuable to keep on the shelf forever, and an electric SUV is the most logical path forward. For the purists, there is a small glimmer of hope, as GM President Mark Reuss has hinted he would prefer the 2027 Camaro to return as an electric coupe. Either way, the next chapter for the legendary pony car is shaping up to be an electric one, trading the rumble of a V8 for the instant torque of a new generation.