The Truth About Cars

AUGUST 26, 2024

Cadillac debuted its first EV, the Lyriq, for 2023, and its second model is due to hit the streets for 2025. The Optiq will be here soon, and the automaker recently released pricing for the new model. Earlier this year, Cadillac promised the Optiq would start at around $54,000, and it came close to hitting that commitment.

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The Truth About Cars

MARCH 13, 2024

The car’s announcement coincides with the 20th anniversary of Cadillac’s V-Series, which debuted at Sebring in 2004 with the CTS-V. Cadillac has since created several performance cars, including the most recent and most rowdy, the Escalade-V. Cadillac currently sells two EVs, the Lyriq SUV and the Celestiq sedan.

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The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. A spokesperson told the publication, "The Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for the clean vehicle credit on Jan.

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Teslarati

JANUARY 3, 2024

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. The Cadillac Lyriq and Chevrolet Blazer EV are losing the credit because of component qualifications, while all other EVs are temporarily losing eligibility.

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Clean Fleet Report

AUGUST 24, 2021

Cadillac has tried electrifying cars before. Based on the Chevrolet Volt platform and technology, the ELR coupe was ahead of its time for the traditional Cadillac buyer, which was too bad. Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car.

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Baua Electric

MARCH 13, 2024

Cadillac gave a sneak peek of “the future of electric performance,” teasing its new Opulent Velocity EV concept. After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). That’s still more than the Tesla Model Y, which starts at $36,490 with the tax credit.

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Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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Electric Auto Association

FEBRUARY 7, 2023

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032. Sign up for our newsletter. Email Address Sign Up We respect your privacy. Thank you!

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Baua Electric

JANUARY 3, 2024

Those Costco members who were hoping to see a shiny new Cadillac LYRIQ in the driveway this holiday season might have a second chance. The auto program of the famed wholesaler is offering discounts on select Cadillac models , including $1,000 off a 2024 LYRIQ… but only for a limited time. In fact, 26.2% through Nov.

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Baua Electric

JANUARY 19, 2024

But Cadillac delivered 9,000 Lyriqs in 2023, according to a media briefing by its global vice president John Roth. But Cadillac delivered 9,000 Lyriqs in 2023, according to a media briefing by its global vice president John Roth. government tax credit this month as new sourcing guidelines kicked in.

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Baua Electric

MAY 29, 2024

Cadillac has revealed an entry EV for the GM luxury brand that doesn’t seem so entry-level in size, technology, or price. The 2025 Cadillac Optiq is set to cost about $54,000 including destination when it arrives later this year with a range of around 300 miles, according to Cadillac. There are many details to linger on.

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Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. Treasury’s proposed battery requirements for EV tax incentives. The EVs that qualified for the incentive are listed below.

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Baua Electric

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. 2024 Honda Prologue eligible for full $7,500 EV tax credit After kicking off production last month, Honda’s first fully electric SUV will begin hitting dealerships any day. FTC: We use income earning auto affiliate links.

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Teslarati

FEBRUARY 3, 2023

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations. According to a report from Bloomberg , the U.S.

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The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Image: Jan Hendrik/Shutterstock] Become a& TTAC& insider.

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Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Cadillac Lyriq. Chevrolet Bolt EUV. Chevrolet Bolt EV. GMC Hummer Pickup.

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Electric Auto Association

JULY 2, 2022

Cadillac Celestiq teased. Ultra-luxury coming Cadillac’s new, hand-built Celestiq was teased as its future flagship vehicle. Concept Wildcat Buick is going all-electric and reinventing its brand with a new model. Extreme EVs, Hyundai, GM, Ferrari, and more. Chevrolet Bolt. GM Retroactive refund! Buick Wildcat concept.

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Clean Fleet Report

JUNE 4, 2022

These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. In 2023 Chevrolet is launching the all-new, all-electric Equinox and Blazer models, which need to have a price differential from the Bolt models. More EVs Coming.

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Baua Electric

FEBRUARY 2, 2024

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. Surprisingly, 57% of respondents thought that the new point-of-sale rebate for the federal EV tax credit would have no effect on EV sales, or they were unsure.

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Baua Electric

SEPTEMBER 11, 2024

Two will be electric models, including the Chevy Equinox EV and Cadillac Lyriq. The prices include tax benefits. Powered by a 102 kWh battery, the Cadillac Lyriq gets up to 305 miles (491 km) driving range in Korea. GM hopes new electric models, like the Cadillac Lyriq and Chevy Equinox EV, can help boost the brand in Korea.

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Baua Electric

SEPTEMBER 23, 2024

GM’s upbeat outlook comes as new models, such as the Chevy Equinox, Blazer, and Silverado EVs, gain momentum. Chevy Blazer EV (left), Chevy Equinox EV (middle), Chevy Silverado EV (right) (Source: GM) Its luxury Cadillac brand is also seeing higher EV demand. Cadillac sold nearly 7,300 Lyriqs in Q2, boosting GM’s record EV sales.

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Baua Electric

AUGUST 28, 2024

Based on GM’s Ultium platform (powering new Chevy, Cadillac, and GMC EVs), the Honda Prologue gets up to 296 miles range. That’s despite the nearly $40,000 Prologue costing nearly double that of a new 2025 Civic LX ($24,250). Honda’s first electric SUV began hitting US dealerships this March.

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. USD 7,500 EV tax credit after new battery sourcing rules from the U.S. 4, Honda Prologue and Cadillac Lyriq. Treasury on Jan. 1 made many EVs ineligible.

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Baua Electric

JULY 23, 2024

This includes scaling Chevy Equinox EV production while launching new GMC and Cadillac EVs. to nearly $48 million, a new Q2 record. All models qualify for the $7,500 EV tax credit. We will see over the next few months as new electric models roll out from Chevy, Cadillac, and GMC. GM’s revenue rose 7.2%

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Baua Electric

APRIL 23, 2024

GM’s Cadillac Lyriq and GMC Hummer EV both saw solid sales growth in Q1, with 5,800 (+499%) and 1,668 units sold, respectively. 2024 Cadillac Lyriq models (Source: GM) Cadillac’s Lyriq accounted for 20% of brand sales in Q1, second to only the Escalade. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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Baua Electric

APRIL 23, 2024

GM’s Cadillac Lyriq and GMC Hummer EV both saw solid sales growth in Q1, with 5,800 (+499%) and 1,668 units sold, respectively. 2024 Cadillac Lyriq models (Source: GM) Cadillac’s Lyriq accounted for 20% of brand sales in Q1, second to only the Escalade. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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Teslarati

APRIL 29, 2023

The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. This includes some trims of Tesla Model 3 and Model Y , Chevy Bolt/Bolt EUV, Ford F-150 Lightning, Cadillac Lyriq, and Volkswagen ID.4. If you have news tips, email us at tips@teslarati.com !

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Baua Electric

JULY 11, 2024

Cadillac 441% 2.2% With the $7,500 federal tax credit, prices could fall to as low as $48,995. The long-range model (with up to 304 miles range) could be bought for under $55,000 (including the EV tax credit). EV brand Q2 sales growth YOY Share of the US EV market in Q2 2024 YTD segment share Tesla -6.3% Ford 61% 7.2%

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Teslarati

FEBRUARY 25, 2024

According to a report from Automotive News last week, GM plans to consider company performance in areas like EV sales, software and services, and Cruise when calculating salaried worker bonuses for 2024. Let me know at zach@teslarati.com , find me on X at @zacharyvisconti , or send us news tips at tips@teslarati.com.

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Baua Electric

JULY 23, 2024

This includes scaling Chevy Equinox EV production while launching new GMC and Cadillac EVs. to nearly $48 million, a new Q2 record. All models qualify for the $7,500 EV tax credit. Source: Automotive News , GM FTC: We use income earning auto affiliate links. GM’s revenue rose 7.2%

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Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. Car News China reasons that the deal would likely be similar to the one between Ford and CATL—a deal GM leadership has criticized. This project—and a potential GM one—could change the makeup of the North American battery market, Car News China notes.

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Baua Electric

JUNE 12, 2024

Powered by GM’s Ultium platform (the same one underpinning Chevy, Cadillac, and GMC EVs), the Honda Prologue includes up to 296 miles range. With the $7,500 EV tax credit, the 2024 Honda Prologue price falls as low as $39,900 (without destination). With the $7,500 federal tax credit, Tesla Model Y prices fall to as low as $37,490.

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Baua Electric

MARCH 15, 2024

According to S&P Global Mobility registration data (via Automotive News ), the growth was uneven across the competition. Model 3 registrations were down 23% after losing the $7,500 EV tax credit. Its new three-row EV9 is off to a strong start with 1,361 registrations. Tesla also launched an updated model. 4 fell 47%.

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Baua Electric

JUNE 15, 2023

A former Betten Baker Chevrolet-Buick of Cadillac worker was once arrested in April nearest prosecutors alleged he embezzled greater than $68,000 from the northern Michigan dealership. ” The post Former Buick-GMC worker in Michigan sentenced to 42 months in jail for embezzling appeared first on Bauaelectric Auto News.

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Baua Electric

MARCH 8, 2024

As previously priced, the top of the Blazer EV lineup topped the price of the Cadillac Lyriq. The Blazer EV is also now fully eligible for the $7,500 EV tax credit. That aligns the Blazer EV to make a lot more sense versus other Ultium models from elsewhere in the GM family. With the credit, both RS models also slot below $50,000.

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Baua Electric

MAY 17, 2024

The news came after a source from within GM’s Tech Center told them that the Corvette nameplate was due for the same treatment. He hinted it could be priced around $35,000, similar to the new Chevy Equinox EV. With the $7,500 EV tax credit included, prices could fall to as low as $27,500.

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Baua Electric

SEPTEMBER 9, 2024

It also has more rear-seat legroom than a Cadillac Escalade and more shoulder and hip room than the Tesla Model X. Tesla’s Model X does qualify for the $7,500 EV tax credit. The post Kia wants a bigger slice of the US EV market with new discounts to win over rivals appeared first on Bauaelectric Auto News.

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