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May 13, 2021, 5:05 a.m. EDT

Cadillac’s new Lyriq sets the stage for an electric future

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Andrew Ganz

Cadillac’s 2023 Lyriq electric SUV will significantly undercut its closest rivals when it goes on sale next year at $59,990 to start.

That price — which meets the automaker’s sub-$60,000 target — nets buyers a stylish 5-seat SUV with a single electric motor good for 340 horsepower and 325 lb-ft of torque. Cadillac, owned by GM, /zigman2/quotes/205226835/composite GM +0.24% estimates a 300-mile range on a full battery, plus the ability to add around 76 miles of range in just 10 minutes on a Level 3 fast charger.

Related: This could be a banner year for electric cars

At least to start, the Lyriq’s single electric motor provides only rear-wheel drive. An all-wheel-drive version with a second electric motor is likely to follow, which would boost the car’s appeal in wintry climates.

The Lyriq is Cadillac’s first fully electric car and it points the way forward for a brand long associated with powerful gas engines. Highlight features include a curved digital dash measuring 33 inches that houses both the instrument cluster and a touchscreen infotainment system, a 19-speaker AKG audio system with speakers in the front seat headrests, and optional hands-free driving assistance through the automaker’s advanced Super Cruise system.

Read next: The 2021 BMW 8 Series is a formidable blend of power and suppleness

Surprisingly, the Lyriq will come in just two paint hues at first — Satin Steel or Stellar Black — with either light gray or black interior shades. 

This story originally ran on  .

$ 61.49
+0.15 +0.24%
Volume: 10.21M
June 11, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$89.20 billion
Rev. per Employee

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