First up is the Cadillac Lyric. Before we dig into the Lyriq, it’s worth noting that the MSRP restriction for qualifying for the tax credit is dependent on the vehicle type. Trucks and SUVs get a higher MSRP limit at $80,000, while other passenger vehicles are restricted to a $55,000 MSRP. This includes any options or packages. The Lyriq, being an SUV, qualifies for the higher restriction. That’s great because they start at $58,590. Moving up to the most expensive variant, the AWD Sport model, the MSRP can easily slide north of $70,000 with options.
The Lyriq in both rear-wheel-drive and all-wheel-drive format has an EPA estimated range of over 300 miles. In addition, its DC fast charging capability allows for up to 77 miles in range in just 10 minutes of charging. AWD models have 500 horsepower, so they’re certainly punchy. Of course, combining all these EV traits with legendary Cadillac Luxury sounds pretty promising. A $7,500 discount really is the cherry on top.
With this model and the rest on this list, due diligence is important. Not every trim or option necessarily keeps the tax credit qualification. So, buyers should consult with their dealerships to verify eligibility.
