"Cadillac's EV sales exploded in Q3. Nearly 40%or two in fivenew cars it sold were electric. The brand's total EV sales are up 88% year-to-date. Cadillac's electric vehicle lineup just had an amazing quarter. Fueled by tax-credit FOMO, GM's luxury arm managed to send off two out of five new car buyers in one of its electric models, making it the brand's best-ever quarter for EVs on record. For the past three months, buyers marched into dealerships in droves to take advantage of the now-expired $7,500 federal incentive. The top brass at General Motors had its lineup at the ready with the Optiq, Vistiq, and Escalade IQ EV piling on thousands of extra EV sales."
"The Lyriq, Cadillac's first mainstream EV, held steady year-over-year with 7,309 deliveries (basically flat, given that it sold 7,224 examples in the third quarter of 2024). The real fireworks came from the brand's new electric offerings. With four electric models on offerplus the extremely limited Celestiq flagshipCaddy has a deeper bench than any other legacy brand in the U.S., so it stands to reason that it's doing well. The compact Optiq managed to rack up an impressive 4,886 sales in just three months."
Cadillac posted a breakout third quarter for electric vehicles, with EVs comprising nearly 40% of new-car sales and year-to-date EV volume up 88%. Strong Q3 demand was driven by the Optiq, Vistiq, Lyriq and the Escalade IQ, boosted by buyers racing to claim a $7,500 federal tax credit before it expired. The Lyriq remained steady with roughly 7,309 deliveries, while the Optiq and Vistiq supplied large portions of their year-to-date volumes during the quarter. The Escalade IQ contributed meaningful sales despite not qualifying for the tax credit at base trim. Q4 will test demand without subsidies.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]