With inputs from Mehraj Masood. The C8 Corvette has been the biggest update in the Chevrolet Corvette’s 70-year history. The first to use a dual-clutch transmission and the first to have its signature V8 in the middle, this latest incarnation of America’s iconic sports car has been transformed from a sunset boulevard cruiser to a serious world competitor. And, ladies and gentlemen, Chevrolet has just announced the pricing for their new Corvette ZR1, and I need you to sit down for this because what I'm about to tell you is absolutely bonkers. They've built a 1,064 horsepower supercar that will do 0-60 in 2.3 seconds and top out at 233 mph... for less than $200,000. Let that sink in for a moment. While Ferrari and Lamborghini are busy charging the GDP of a small nation for their latest offerings, Chevrolet has just walked into the supercar party wearing blue jeans and carrying a six-pack of freedom. This is America's way of saying, "Anything you can do, we can do cheaper." The heart of this bargain-basement missile is a 5.5-liter twin-turbo V8 with a flat-plane crank. For those of you who don't speak engineer, that means it's basically a Ferrari engine that's been to Texas and discovered barbecue. It produces 828 lb-ft of torque, which is enough to alter the Earth's rotation if you floor it at the wrong moment.Also, the ZR1 was always the peak mantle of the Corvette range, and this new one took that status to an even higher peak. It officially became the first Corvette in history to utilise turbocharging through its bespoke, 5.5l twin-turbocharged V8. The powerhouse generated an exceptional 1,064 horsepower and 828 lb-ft of torque. To harness that immense power, the ZR1 features a split rear window to allow effective airflow over the rear of the car, as well as, Magnetic Ride Control and Michelin Sport Cup 2 The optional ZTK Package, sees the addition of a large front splitter, carbon fibre side skirts and an enormous rear wing that together give 1200 pounds of downforce. Let's talk value. The base 1LZ coupe starts at $174,995, while the convertible is $184,995. The fancy 3LZ variants will set you back $185,995 and $195,995 respectively. To put that in perspective, that's about what you'd pay for the optional cup holders in a Bugatti.And it's not like they've cut corners on equipment either. Even the base model comes with more technology than the Space Shuttle: 8-way power-adjustable seats, a 10-speaker Bose sound system that probably causes small earthquakes, a 12-inch digital instrument cluster, and a digital rearview mirror - because traditional mirrors are so 2023. Splash out on the 3LZ, and you get heated and ventilated seats (because being terrified should be comfortable), a front camera (to help you avoid expensive curbs), heated mirrors (for those chilly 200 mph runs), and carbon fiber paddle shifters that probably cost more than my first car. The results of Chevy’s latest efforts have certainly shown. In just two months, the ZR1 has blown people away with its astonishing 0-60 and top speed figures. Put simply, this non-hybrid, rear-wheel drive, old-school charmer accelerates from 0-60 in 2.3 seconds and maxes out at 233mph. But wait, there's more! For a mere $1,500 - which in supercar terms is basically pocket change - you can add the ZTK Performance Package. This gives you carbon ceramic brakes that could stop time itself, a carbon fiber roof for that race car feel, and retuned magnetic ride control dampers with stiffer springs. Because apparently, 1,064 horsepower wasn't quite exciting enough. Here's the really clever bit: Chevrolet has managed to make a car that will outperform machines costing three times as much, while still being something you could actually use every day. Try doing that in a Lamborghini when you need to pop to the shops for milk. This THING is America saying "you don't need millions and millions to go really, really fast". It's America bringing democracy (TM) to the Automotive world. And Woking, Sant'Agata, and Maranello better get their guards up. Because Chevrolet doesn't do things very well too often. But when they do, boy, they do. And the best part? It's actually real. Unlike certain other four-figure horsepower cars we could mention (cough Devel Sixteen cough), this one actually exists and you can actually buy it. Assuming you can find one that hasn't already been snapped up by someone who's realized what an absolutely bonkers bargain this is. Now, if you'll excuse me, I need to go sell everything I own and possibly rob a bank. I've just found out what a Ferrari SF90 costs, and suddenly the ZR1 is starting to look like the deal of the century.