After revising its supply chain, Cadillac once again can offer $7,500 in federal tax credits to buyers of the Lyriq EV. The automaker briefly lost those incentives after the U.S. Treasury updated guidelines under the Inflation Reduction Act on January 1. The news means Caddy gets a critical advantage over a number of competing luxury EVs that have also lost their tax credits this year.
Chevrolet is rapidly ramping up its battery-electric vehicle lineup, with a mix of products soon to include the Chevy Equinox EV. With deliveries slated to begin “in coming months,” the bowtie brand has released range and other information about the all-electric compact crossover. But the Equinox EV won’t be as affordable as had originally been signaled. Get the details at Headlight.News.