backtop


Print 56 comment(s) - last by Keeir.. on Oct 17 at 11:39 AM

Cadillac's plug-in EV comes with a hefty price tag

In recent months, General Motors has made it known that it has Tesla Motors in its sights and plans to take on the EV manufacturers with fresh electric vehicles from Cadillac. “If you want to compete head-to-head with Tesla, and we ultimately will, you want to do it with a Cadillac,” said GM CEO Dan Akerson last month in Washington, D.C. 
 
“But I do think when the (Cadillac) ELR comes out late this year, early next — it’s certainly in the same postal code as Tesla, but now we’re going to move up. It’s not going to be a mass-produced car.”
 
When it comes being "in the same postal code", Akerson definitely wasn’t joking — at least when it comes to pricing for the Cadillac ELR. The base Model S with a 60 kWh battery (230-mile range) stats at $69,900 before a $7,500 federal tax credit is applied. GM just revealed today via Cadillac’s website that the ELR plug-in luxury coupe will start at a lofty $75,000 before the tax credit is applied.

 
GM is currently accepting reservations for the vehicle and it will officially launch early next year.
 
Official specs for the vehicle are hard to come by, but GM’s preliminary figures suggest that the vehicle will travel 35 miles on battery power alone and will have an overall driving range of 300+ miles. When it’s all-electric range is exhausted and the 1.4L gasoline engine/generator is operational, GM says that the vehicle will return the equivalent of 30 to 35 mpg (premium unleaded gasoline is required).

 
 
In addition, the ELR will have a top speed of 100 mph and the 16.5 kWh lithium-ion battery pack can be recharged in 5 hours with a 240V connection.

Sources: Cadillac, GM



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

HAHAHAHAHAHAHA
By flyingpants1 on 10/11/2013 3:01:48 PM , Rating: 2
First BMW releases a $40,000 Leaf with a lawnmower engine as an option!

Then GM releases a $75,000 Volt, presumably the standard leather seats in the ELR cost an extra $45k over the regular volt!

I hope GM has something better up their sleeve for the future, I really do.




RE: HAHAHAHAHAHAHA
By foxalopex on 10/11/2013 3:45:51 PM , Rating: 2
The ELR has a whole lot more than just leather seats over the Volt. I believe it has electronic self-adjusting suspension, LED headlights and tonne of other bells and whistles to somewhat justify it's price. It isn't the type of car for me but for some folks it might be. Besides if you just wanted performance an Ariel Atom does 0-60 in 3 seconds but it sorta lacks the qualities of a normal car for most folks. :)


"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki