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Cadillac LYRIQ Dominates With Record Sales In The U.S. Luxury Electric SUV Market

Cadillac LYRIQ Leads The Way With Over 20,000 Units Sold, Becoming The Top-Selling Midsize Luxury Electric SUV In 2024

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By Michael Phoon • November 22, 2024

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Cadillac LYRIQ (Image: Cadillac)

Cadillac has emerged as a frontrunner in the electric vehicle (EV) market with its LYRIQ midsize luxury SUV, achieving remarkable sales success in the first three quarters of 2024.

Cadillac LYRIQ: Top-Selling Luxury EV

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Cadillac LYRIQ (Image: Cadillac)

In detail, the Cadillac LYRIQ has sold over 20,000 units, establishing itself as the top-selling midsize luxury electric SUV in the United States (U.S.). The LYRIQ’s success is particularly pronounced in key markets like California, Florida, and Texas, where it has sold more than 3,000 and 2,000 units respectively.

Driving the LYRIQ’s popularity is a compelling combination of performance, range, and affordability. With an EPA-estimated range of 314 miles and DC fast-charging capabilities that can add up to 77 miles of range in just 10 minutes, the SUV addresses two primary concerns of potential EV buyers: range anxiety and charging convenience.

Pricing and Premium Features

Priced competitively at a starting $58,590, the LYRIQ offers an accessible entry point into the luxury electric SUV market. The EV does not compromise on features, containing hands-free Super Cruise driving assistance and a luxurious interior that sets it apart from competitors.

Cadillac is not stopping with the LYRIQ. The brand has big plans to expand its all-electric portfolio. Later this year, the company will introduce the ESCALADE IQ and the entry-level OPTIQ luxury SUV. In 2025, the VISTIQ three-row SUV will debut, positioning Cadillac as one of the few automakers to offer an all-electric model in every luxury SUV segment.

Cadillac’s EV Expansion

Cadillac LYRIQ (Image: Cadillac)

The LYRIQ is a key component of General Motors’ (GM) broader electrification strategy. The company has already surpassed 300,000 total EV sales this year, with the LYRIQ playing a significant role in this achievement. Cadillac plans to further elevate its electric performance with the upcoming high-performance LYRIQ-V, set to launch in 2026.

With continued innovation and expansion of its EV lineup, the Cadillac LYRIQ proving itself to be a serious contender to the potential of luxury EVs. Its combination of range, technology, and affordability has not only captured the market’s attention but also set a new standard for what buyers can expect from an electric SUV.

If you are looking for other Cadillac models, we can help you get started. Click Here to find the best deals near you. Want to learn more about EV? Thinking of buying an EV? Head over to EV.com discover more.


About EV.com

EV.com is the world’s 1st Electric Vehicle (EV) marketplace that aims to promote zero-emission mobility by providing a platform for consumers to learn about, compare, and purchase EVs.

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