GM says hybrids are over, reboots Cadillac as an electric vehicle leader

GM To Push Cadillac As Tesla Rival | OilPrice.com

Cadillac is planning to launch a new Tesla-fighting electric model, Reuters reports, as General Motors plans to turn the luxury marque into its EV flagship brand.

Perhaps most significant, Reuss said GM is aiming to be the first automaker to build electric cars that are both profitable and attainable and that it would be investing earnings from its strong-selling models of today, like traditional pickups and SUVs, in electrification.

If we were to guess, we'd place our bets on a Cadillac EV crossover to arrive first, as the brand seems to be intent on growing its SUV lineup.

The Chevrolet Volt (top) is being discontinued in favor of vehicles built on fully electric platforms like the Chevrolet Bolt's (bottom). GM announced previous year it was ending production of the plug-in Volt as well as a low-selling plug-in Cadillac CT6, even as it moved to boost EV spending.

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Along with the Cadillac, GM is scheduled to launch at least 20 electric cars worldwide by 2023, with a particular focus on China, which is heavily promoting the adoption of the technology.

Cadillac will become the face of GM's push into the electric-vehicle market, although it's unclear when exactly it will appear on the market. In 2017, however, the company said BEV3 was flexible enough to underpin everything from compact crossovers to a large seven-passenger luxury sports utility vehicle and a large commercial van.

General Motors will make Cadillac its first electric auto under the BEV3 platform, according to unnamed sources talking to Reuters. GM opened a battery plant with Chinese partner SAIC Motor Corp Ltd 600104.SS a year ago. Cadillac sales in China are on the rise, with the figure a year ago exceeding 200,000 for the first time, Reuters notes.

In October, GM urged the Trump administration to back a nationwide program to boost sales of zero emission vehicles like electric cars, even as the government has proposed ending California's ability to require more clean vehicles.

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