Cadillac Lyriq Discount Non-Existent In February 2023

There are no Cadillac Lyriq discount offers available in February 2023, meaning that the luxury marque is not offering any sort of incentive or deal toward the purchase of its first-ever all-electric vehicle. 

This is not entirely a surprise, given that the Lyriq only began landing at dealerships in July 2022 and has thus far proven to be a highly sought-after product. A total of 8,195 units of the Lyriq were produced last year at the Spring Hill plant in Tennessee, as the luxury marque ramped up production of its all-electric crossover in response to demand. Even so, the production figures didn’t even come close to meeting true market demand. Adding insult to injury, Cadillac only shipped a small portion of the 8,195 Lyriqs it produced in 2022 as a result of a quality issue, which has since been resolved.

While the luxury marque itself isn’t offering any Cadillac Lyriq discount this month, buyers of the luxury electric crossover can now take advantage of the $7,500 Federal EV Tax Credit thanks to a recent reclassification of the Lyriq by the U.S. Treasury. Previously, the vehicle’s classification rendered it ineligible for the tax credit, but that decision was recently reassessed.

As a reminder, the 2024 Cadillac Lyriq rides on the BEV3 platform, and is offered in either rear-wheel-drive or all-wheel-drive, with the former harnessing a single Ultium Drive motor on the rear axle, and the latter gaining a second motor on the front axle. RWD models boast 340 horsepower and 325 pound-feet of torque. The the AWD setup features 500 horsepower and 450 pound-feet of torque. Both configurations offer just over 300 miles of driving range on a single charge

Cadillac Lyriq Pricing

Speaking of Lyriq pricing, below we list Cadillac Lyriq trim levels and their corresponding starting retail prices. As Cadillac Society exclusively reported previously, pricing for the 2024 Lyriq actually makes it more affordable than its 2023 model year predecessor.