2014 Cadillac ELR Starts at $75,995
You may save some cash on gas by buying Cadillac's extended-range electric vehicle, but you'll have to shell out a lot of money to get one. When the 2014 ELR goes on sale this January, it'll start at a hefty $75,995, including a $995 destination charge.
The gas-electric coupe is GM's second application of its extended-range electric vehicle platform, following the Chevrolet Volt. Cadillac says the ELR will have an approximate 35-mile electric-only range before the 1.4-liter four-cylinder range-extending motor kicks in, putting total range at more than 300 miles and its fuel-economy rating at 82 mpg-equivalent. It can be recharged in about 12 hours on a household 120-volt outlet or just over four hours at a 240-volt (Level 2) charging station.
Despite its upscale looks and finishes, the price seems high since its extended-range Volt sibling starts at $34,995, including destination. GM says the ELR's actual price will be much lower, however; tax credits of up to $7,500 could bring the price to $68,495, including destination.
ELR sales in major U.S. cities start in January; no word yet about its availability in other markets. According to GM, ELR dealers have to be specially trained and certified to sell and service the car.