GM’S first next-generation electric vehicle, the Cadillac Lyriq, was unveiled last week. Now, the automaker has surprised many by revealing the price of its new premium electric SUV, with a starting price of less than $60,000.
The Cadillac Lyriq electric SUV is the first electric vehicle using GM’s Ultium platform. Upon its unveiling GM announced many of the electric SUVs spec including its 300 mile range, 150 kW fast charging, as well as being available with both rear and all-wheel drive. However, no price was mentioned until now.
President of General Motors North America, Steve Carlisle, confirmed the starting price in a statement during the JP Morgan Auto Conference via Automotive News “We need to be in the same price zone. This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It’s a price that won’t be high five digits. It won’t start with a seven and it won’t start with a six.”
The Cadillac Lyriq is expected to go on sale in the U.S. in 2022.