Cadillac, the luxury car brand of General Motors, is set to unveil its first all-electric vehicle, the Escalade IQ, in August. The announcement was made by The Detroit Bureau, a leading automotive news outlet, citing sources familiar with the matter.
The Escalade IQ is expected to be a full-size SUV that will compete with other luxury electric vehicles such as the Tesla Model X and the upcoming Mercedes-Benz EQS. It will be built on General Motors’ new electric vehicle platform, which is also being used for the upcoming GMC Hummer EV and the Cadillac Lyriq.
The Escalade IQ is expected to have a range of over 300 miles on a single charge, which would make it one of the longest-range electric SUVs on the market. It will also feature advanced driver assistance systems and other high-tech features that are becoming increasingly common in luxury vehicles.
The all-electric Escalade is part of Cadillac’s plan to transition to an all-electric lineup by 2030. The company has already announced that it will launch four new electric vehicles by 2025, including the Lyriq, a midsize SUV that is set to go on sale later this year.
The move towards electric vehicles is part of a broader trend in the automotive industry as companies seek to reduce their carbon footprint and meet increasingly strict emissions regulations. Electric vehicles are also becoming more popular with consumers as battery technology improves and charging infrastructure expands.
Cadillac’s decision to launch an all-electric Escalade is significant because the Escalade is one of the brand’s most popular and profitable models. The Escalade has long been a symbol of luxury and status, and an all-electric version could help to further enhance its appeal among environmentally conscious consumers.
The unveiling of the Escalade IQ in August will be closely watched by industry analysts and consumers alike. It will provide a glimpse into Cadillac’s electric vehicle strategy and could help to shape the future of the luxury SUV market.
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- Source: Plato Data Intelligence.