Today GM announced the base Cadillac ELR will be priced at $75,995. After the $7500 tax credit in the US, that brings the price down to somewhere around $67,500.
Cadillac is also accepting reservations for the ELR.
Original estimates from around the internet put the Cadillac ELR at around $50-$60 thousand, with wishful thinking at $45,000 after the tax credits. Cadillac is so sure that, although it shares the drivetrain of the Chevy Volt, this limited production vehicle will be in high demand and people will be lining up to pay this price.
General Motors says “Designed for a new generation of technology-driven luxury buyers, the 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. Net pricing after tax credits could be as low as $68,495, including $995 destination.”
The Cadillac ELR is rated at 207 horsepower and weighs around 4000 pounds. It uses the same 1.4 liter range-extending gasoline engine as the Volt. The 16.5 kWh battery pack is also shared with the Volt, and gives the ELR an all-electric range of around 35 miles.
Sales are scheduled to start in January 2014.
Initial sales of the 2014 Cadillac ELR electrified luxury coupe will begin in January in all major U.S. metropolitan areas featuring provocative design and extended range electric vehicle technology.