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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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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

This means the massively popular Escalade will be gone or reengineered, as well as the CT4 and CT5 sedans, and all the XT SUV models. The Lyriq has been designed to continue the bold and sophisticated style of Cadillac with the Escalade owner specifically in mind. Road Test: 2021 Cadillac Escalade. Road Test: 2021 Cadillac CT5.

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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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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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Flash Drive: 2023 Cadillac Lyriq

Clean Fleet Report

The RWD configuration gets one motor producing 340 horsepower and 325 pound-feet of torque for a 312-mile all-electric driving range and 0-60 mph in about 4.9 The 12-module, 100 kilowatt-hour lithium-ion battery, when charged on a DC Fast Charger, can get up to 76 miles of range in 10 minutes and 195 miles in 30 minutes.

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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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