Cadillac Boosts Lyriq Production Amid Strong Demand for Luxury EVs

Lyriq now accounts for a quarter of Cadillac's sales, with the brand aiming for a fully electric portfolio by 2030.

Cadillac is ramping up production of its Lyriq electric SUV due to increased availability of batteries and strong demand for luxury EVs.
Lyriq now accounts for a quarter of all of Cadillac's sales, up from just about 12% in the fourth quarter of last year.
Cadillac delivered 9,000 Lyriqs in 2023, a significant increase from the 122 delivered in 2022.
Despite losing a U.S. government tax credit this month, GM is offering incentives of $7,500 to offset the loss and expects Lyriq to regain eligibility early this year.
Cadillac is aiming to offer a fully electric portfolio by 2030.