Cadillac Lyriq starting price drops as 500 hp model is added

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Cadillac Lyriq starting price drops as 500 hp model is added
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The 2024 Cadillac Lyriq is available at a new lower starting price and with a 500 horsepower all-wheel-drive system, plus several new trim levels.

The Lyriq is also currently eligible for a $7,500 federal tax credit after the Treasury Department reclassified it as an SUV, which has an $80,000 price cap compared to $55,000 for cars.

New requirements on battery materials sourcing could go into effect as soon as March 1 that may reduce the credit amount, however.The Lyriq lineup has been expanded with several new Luxury and Sport trims that get an increasing amount of equipment, including Super Cruise, premium audio and a full panoramic sunroof that opens, with a Sport 3 specified with the sunroof and the fastest 19.2 kW home charging system listed at $82,885.

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