At a time when the automobile industry’s most exclusive manufacturers are gathering on California’s Monterey Peninsula, Karma Automotive is using the 75th Pebble Beach Concours d’Elegance to make an unusually ambitious statement: the future of ultra-luxury performance cars may not be entirely electric. Karma is arriving at Monterey Car Week with three very different visions of that future. Leading the charge is the 2027 Karma Gyesera Grand Coupe, a four-seat hybrid extended-range electric vehicle (EREV) scheduled to reach dealerships in December with a starting price of $139,995. Joining it are the forthcoming 2028 Karma Amaris GT, another hybrid EREV, and the dramatically styled 2029 Karma Kaveya Super Coupe, a more than 1,000-horsepower battery-electric exotic expected to cost about $400,000. The lineup represents Karma’s attempt to establish itself as an American ultra-luxury automaker at a moment when the traditional boundaries between electric, hybrid and gasoline-powered automobiles are rapidly disappearing. And Monterey Car Week—with its concentration of collectors, supercar buyers and automotive enthusiasts—is arguably the perfect place to make that case. The Gyesera Takes the Lead Of the three, the Gyesera is the car that matters most immediately. It is the first of Karma’s next-generation vehicles scheduled to go into production, with customer deliveries beginning in December 2026. The formula is distinctly grand touring: four seats, a long and dramatic coupe profile, extensive use of carbon-fiber-reinforced composites and an aluminum space frame. Underneath that exotic exterior is Karma’s latest Hybrid EREV powertrain, producing 566 horsepower and 546 pound-feet of torque. Karma says the Gyesera will accelerate from zero to 60 mph in just under 3.7 seconds. Those numbers put the Gyesera firmly in performance-car territory, but Karma isn’t positioning it as a stripped-down sports car. The emphasis is on combining performance with handcrafted luxury and the ability to carry four passengers. That