Posted on Leave a comment

Cadillac’s inaugural Lyriq EV sold out of reservations in 19 minutes


Cadillac didn’t have any problems finding buyers for its Lyriq EV once reservations opened. As Electrek learned, GM’s luxury badge sold out of reservations for the Lyriq’s Debut Edition in 19 minutes. The brand didn’t say how many people paid the $100 fee, but it’s clear there was at least some pent-up demand for the upscale electric crossover. More Debut Edition models will be available through dealers in summer 2022.

Deposits don’t always translate to final sales when the fee is refundable. Some people may reserve a car only to back out when it comes time to make the final purchase. For context, though, VW took eight hours to sell a “few thousand” units of the ID.4 First Edition. The overall number might be small, but 19 minutes is extremely quick.

The sellout wasn’t completely unexpected. While the Lyriq is still an expensive EV with a nearly $60,000 starting price, it promises a healthy 300-plus miles of range, 190kW fast charging and a sprawling 33-inch infotainment display. There’s also a clear pattern of strong demand for EVs from familiar names. Ford, for instance, is boosting F-150 Lightning production after demand far outstripped early manufacturing targets. There’s clearly an audience for EV like these, even if they’re still far from dominating their combustion engine counterparts.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *