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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

2024 Cadillac Lyriq models (Source: GM) Cadillac’s Lyriq accounted for 20% of brand sales in Q1, second to only the Escalade. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

2024 Cadillac Lyriq models (Source: GM) Cadillac’s Lyriq accounted for 20% of brand sales in Q1, second to only the Escalade. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order.

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General Motors reports strong quarter, but EV fans might be disappointed

Teslarati

General Motors sidesteps loss of EV tax credit to offer big discounts for customers “We won’t get to low to single-digit profitability until 2025,” CFO Paul Jacobson said about EBIT EV margins. Those projections are based on the current expectations for EV demand and production growth.

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New electric cars coming in 2025-2026

Baua Electric

A battery of about 100 kwh could deliver more than 300 miles of range and 800-volt technology promises fast charging. 2025 Cadillac Optiq Cadillac Optiq The small Cadillac EV SUV arrives this year with a price of about $54,000 and range of around 300 miles. The best range for the EV9 falls in at 304 miles.

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Hyundai confirms IONIQ 9 SUV debut date while teasing first look at its ‘lounge-like’ interior

Baua Electric

However, with its flat-floor design, the EV9 provides more rear legroom (42″) than a Cadillac Escalade. Hyundai said all US-made EVs qualify for a $3,750 federal tax credit. The extended-range SE RWD trim, with a range of up to 318 miles, starts at $46,550. Also based on the E-GMP platform, the EV9 is 197.2″

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GM outpaces US rivals in Q3, even with fewer EV incentives

Baua Electric

And that’s before the $7,500 EV tax credit. Over 15,000 Chevy Equinox models were sold in Q3, what GM calls “the most affordable EV in the US with 315+ miles of range.” With several new models launching, including the Cadillac Escalade IQ, Optiq, and Vistiq, GM expects the momentum to continue into the end of 2024.

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Kia wants a bigger slice of the US EV market with new discounts to win over rivals

Baua Electric

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 starts at $65,990 and has a 335-mile range. Tesla’s Model X does qualify for the $7,500 EV tax credit. Tesla’s Model X does qualify for the $7,500 EV tax credit.

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