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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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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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Costco members can save $1,000 on a new 2024 Cadillac LYRIQ for a limited time

Baua Electric

Now entering its second model year, the 2024 LYRIQ remains the introductory EV for Cadillac’s own electrification pipeline, which includes the upcoming CELESTIQ, Escalade IQ , OPTIQ, and the recently announced three-row VISTIQ SUV. For example, the 2023 and 2024 LYRIQs currently qualify for up to $7,500 in federal tax credits.

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New electric cars coming in 2025-2026

Baua Electric

These vehicles due in the next two model years represent the next wave: Those planned before $7,500 tax breaks and slowed growth in EV sales collided over the past year. It may qualify for the $7,500 EV tax credit—which would bring the price in line with the gas-powered XT5. Which will prosper—and which will not? second range.