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Cadillac's New Electric V-Series Concept is Far From a Silent EV

The Truth About Cars

Cadillac has since created several performance cars, including the most recent and most rowdy, the Escalade-V. Several GM EVs also lost federal tax credit eligibility, though that will likely change before too long. Cadillac currently sells two EVs, the Lyriq SUV and the Celestiq sedan.

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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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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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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. Also based on the E-GMP platform, the EV9 is 197.2″ tall, with a wheelbase of 122″. That’s about the size of its Telluride.

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Hyundai IONIQ 9 teaser reveals bold new LED light bar design and more [Video]

Baua Electric

However, with 42″ of rear legroom, the EV9 tops even the Cadillac Escalade. Hyundai said US-built EVs qualify for a partial $3,750 tax credit, but the company is still passing on the full $7,500 through leasing. Kia’s EV9 starts at about $55,000, while the IONIQ 9 is expected to start at about the same or slightly higher.

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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. With several new models launching, including the Cadillac Escalade IQ, Optiq, and Vistiq, GM expects the momentum to continue into the end of 2024. GM confirmed the long-awaited $35K Equinox LT model is now available, GM confirmed.

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