Tuesday, October 15, 2013

Cadillac prices ELR electric vehicle at $75,995

2014 Cadillac ELR
Cadillac’s new plug-in electric-powered coupe, the ELR, will go on sale in January at an eye-popping price of $75,995.
The automaker said the dramatic-looking coupe – whose powertrain is largely borrowed from the Chevrolet Volt – will offer an interior that features leather and real wood-grain trim, and high-tech safety features such as lane-departure warning and forward-collision alert.
In addition, the vehicle’s batteries and powertrain will carry an eight-year, 100,000-mile warranty.
“The ELR is a unique blend of dramatic design with electric-vehicle technology capable of a total range in excess of 300 miles,” said Bob Ferguson, senior vice president of global Cadillac.
Like the Volt, the ELR will be an extended-range electric car. A small four-cylinder engine will generate electricity for the car’s electric motors, allowing it to travel up to 300 miles.
The ELR should be able to go about 35 miles on its batteries alone. After the batteries are expended, the four-cylinder engine automatically starts and begins generating power.