The Escalade IQ joins Cadillac’s other EVs, including the ultra-luxury and limited edition Celestiq, and the more affordable Lyriq SUV, which starts at $64,000. It’s all part of GM’s plan to make the luxury brand an EV-exclusive label by 2030.
GM’s Ultium platform is the basis for its current and future electric vehicles, including the Chevy Equinox, Silverado and even the GMC Hummer EV, and presumably this one. Many of the electric vehicles from multiple automakers are trending toward larger SUVs in the US market as demand for them increases. Kia’s EV9 is a highly anticipated three-row SUV that exists in the segment, although the Escalade will likely be in a more expensive class.
The last Escalade the company released was the biggest and longest ever, but we’ll have to wait and see what the new IQ will look like. The current gas-powered Escalade starts at over $80,000, but when you consider GM is huge Shame EV starts at $111,000, we expect the Escalade IQ to be more expensive.