Heading into its second model year as the luxury marque’s first all-electric vehicle, the 2024 Cadillac Lyriq will see minor changes, including an expanded trim level lineup. In fact, the 2024 model year of the electric luxury crossover will be less expensive than its 2023 model year predecessor.
The base 2024 Cadillac Lyriq RWD will start at approximately $60,000, while the Lyriq AWD will start at around $64,000. For comparison, as previously reported by Cadillac Society, pricing for the the 2023 Lyriq RWD starts at $62,990, while the 2023 Lyriq AWD starts at $64,990. In short, the forthcoming Lyriq RWD will have a starting price that’s $3,000 less that that of its immediate predecessor, while the better-equipped Lyriq AWD will drop almost $1,000 from its overall price.
Interestingly, we recently found out that the Cadillac Lyriq is one of the EVs not eligible for the Federal EV tax credit. That’s because the U.S. Treasury classified the luxury electric crossover as a passenger vehicle, not a utility vehicle, meaning that its retail price cannot exceed $55,000 in order to qualify for the $7,500 federal tax credit. Cadillac’s parent company, General Motors, has stated that it is displeased with this decision and is addressing its concerns with the U.S. Treasury on the matter.
As a reminder, the Lyriq rides on the luxury marque’s BEV3 platform, and is assembled at the Spring Hill plant in Tennessee for all markets except for China. It is offered with a choice of two powertrains. The base single-motor setup features one Ultium motor mounted on the rear axle, lending 340 horsepower and 325 pound-feet of torque for an estimated 312 miles of driving range from a full charge. The second is is a dual-motor Performance AWD setup that produces over 500 horsepower.
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Frank A Ricciardi
What does the US Treasury know about the automobile industry? Apparently very little or nothing! If GM and Cadillac say the Lyriq is a Utility vehicle and it functions as a Utility vehicle, it is a Utility Vehicle.
Montana Bob
Looks like an econobox so the maket is reacting. If not, why has gm reduced the price?
Montana Bob
Catbert
If you pay that much for the latest and greatest Caddy, don’t quibble over the rebate. It’s designed to help out those who aren’t buying luxury offerings. The real middle class has to buy into electric or GM goes feet in the air. The rebate will help them market to the volume buyers, if not the Lyriq. GM can’t have it bother ways.
Vaughan Pratt
The argument that the Lyriq is only for those so wealthy they don’t need the tax credit is total BS!
As a Stanford emeritus professor no longer on a regular salary but still active in research, I’ll be 80 years old next year, yet I still drive hundreds of miles a fortnight on major highways between Stanford’s two California campuses. So I seriously need GM’s Super Cruise or my kids will take my keys away.
I don’t need a luxury car, currently I drive a Bolt EV which is nowhere near a luxury car. Unfortunately neither it nor the Bolt EUV has adequate sensors for Super Cruise.
The only way I can get adequately equipped Super Cruise today is with the Lyriq, whose Debut Edition I ordered back in 2021 thinking it was an SUV. GM pitched it as an SUV so why are those who are trying to make EV’s available to less than the ultra rich now insisting that what GM thought was an SUV is actually not an SUV?
Something is screwed up in the IRS.
Quick Silver 1
Will they actually be able to deliver these boxes? My dealer, who used to sell between 600-700 Cadillacs a year, can’t get one for people who placed their orders and gave deposits.
When I was looking to possibly replace my 2017 CT6 Premium, I was told not to even think about a Lyriq for at least 3 years, so the bugs get worked out. I kept my 2017 CT6 Premium and have a 2020 CT6 Premium Luxury also. GM needs a true luxury sedan and not a $300K+ Celestiq.
Eric
Alexandra, please write about whether the 2023 Lyric model year will go away soon. Word is that deliveries are so slow that Cadillac will soon convert most of the many 2023 orders to 2024 models. Any intelligence on this?
Also, I have AWD on order, and if AWD orders are switched to 2024, which appears even more likely for AWD, will we early AWD orderers receive the upgraded 2024 AWD features like rearview mirror camera and touchless rear lift gate? Any intelligence?
Finally, is GM going to pressure EVGo to extend the free charge for a year to EVGo partners like ChargePoint since EVG fast charging is pathetic and this is bad image for GM.
Meanwhile, thanks for your great reporting.