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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. Wedbush maintained its ‘Outperform’ rating on the stock and kept a $40 price target.

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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. With the tax credit, the Chevy Equinox EV price could fall as low as $35,295. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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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. With the tax credit, the Chevy Equinox EV price could fall as low as $35,295. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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New electric cars coming in 2025-2026

Baua Electric

2025 Cadillac Escalade IQ Cadillac Escalade IQ A part of the GM Ultium vehicle family that also includes the Chevy Silverado and GMC Sierra EVs as well as the Cadillac Lyriq, the big Escalade IQ SUV offers range of up to 450 miles, a battery pack of more than 200 kwh, a vast interior screen 55.0 An RS Q6 E-Tron is in the works.

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Flash Drive: 2023 Cadillac Lyriq

Clean Fleet Report

The 2023 Lyriq Debut Edition and the first run, which are sold out, had starting prices of $59,990 and $62,990, respectively, including the destination charge. The Lyriq will qualify for state and local tax credits or incentives that could reduce the final purchase price.

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

Baua Electric

Hyundai IONIQ 9 teaser (Source: Hyundai) Although prices and specs have yet to be revealed, the IONIQ 9 is expected to be similar in size to the Kia EV9. 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.

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