Cadillac Optiq EV has a starting price of $54,000

DETROIT – General Motors’ The company said Wednesday that the new entry-level 2025 Cadillac Optiq electric vehicle will start at $54,000.

This small crossover is expected to be Cadillac’s fourth electric vehicle when it goes on sale later this year. It follows the $59,000 Lyriq mid-size crossover, the more than $300,000 bespoke Celestiq sedan and $130,000 coming SUV Escalade IQ. Prices do not include electric vehicle incentives, such as a federal credit of up to $7,500.

“Cadillac has always defined American luxury, and the Optiq is an example of where our bold, innovative spirit is driving us,” John Roth, vice president of Cadillac, said in a press release. How do I look towards the future of electric vehicles?

The Optiq will be sold in 10 regions, including North America, China and Europe, where it debuted Wednesday at the new Cadillac showroom in Paris.

It comes as automakers try to broaden the appeal of electric vehicles with cheaper models to follow Sales were slower than expected for emerging vehicles.

Optiq is also an opportunity for GM to re-enter the market European market after the automaker sold its operations there in 2017. It could also help GM regain position in China following significant declines in revenue and earnings in recent years.

The vehicle’s design is similar to Cadillac’s current electric vehicles, including sleek vertical and horizontal lights and a black grille. It also has a large interior LED display measuring 33 inches diagonally and uses GM’s super yacht Hands-free driving assistance system.

The vehicle, offered in Luxury and Sport trims, includes an 85-kilowatt-hour battery pack with a standard all-wheel-drive system, delivering an estimated 300 horsepower and torque 354 pound-feet.

The Optiq’s electric range on a single charge is estimated at 300 miles. GM says the vehicle is capable of adding about 79 miles of range in about 10 minutes with a DC fast charger.

The car will be produced at GM’s Ramos Arizpe plant in Mexico.