Pricing for the Cadillac ELR has been announced, and the swoopy Caddy coupe with the Voltec powertrain has been stickered at an astonishing $75,995, not including the $7,500 federal tax credit as well as other incentives.
One can make the argument that there will be a market for a premium plug-in that wealthy buyers can write off as an expense in one form another, personally, I think GM is out of their mind.
While the ELR gets a more powerful powertrain, Cadillac’s CUE system, improved regen braking capabilities and Batmobile-esque looks, the nearly $76k sticker price puts it within a few thousand dollars of the Tesla Model S 85 kWh Performance model. Fans of the Voltec powertrain can argue that the plug-in system is superior with respect to range and not being stranded on the side of the road, but I’d argue that in the green car space, nothing can touch a Tesla as far as image, cachet and status are concerned. And many people shopping for such a car are cognizant of that. I’m not sure that the ELR, positioned as a “green flagship” for Cadillac can command that kind of money.