Why is the Cadillac Lyriq Popular?

One of the most remarkable shifts we’ve seen in the automotive industry over the past ten years is the rise of the Electric Vehicle (EV). More people than ever before have decided to go green, both for financial and eco-conscious reasons. Now, at #1 Cochran of Monroeville, we’re seeing a full-on EV revolution. Prospective Cadillac drivers, from Murrysville to Penn Hills, are choosing the electric, top-of-its-class Cadillac LYRIQ more than ever before. We wanted to point out a few of the reasons why this shift has occurred so you can determine if the Cadillac LYRIQ is the right choice for you.

Environmental Impact

The Cadillac LYRIQ is a head turning choice for drivers seeking to explore a luxury EV option. The Cadillac LYRIQ addresses both carbon emissions and the rising expense of fuel with a modern, eco-friendly design. Built for longevity and with a reputation for reliability, the Cadillac LYRIQ is a stunner, boasting design and technological advances paired with luxurious features and amenities. Combining electric charging, durability and artful design, the Cadillac LYRIQ leads the field in EV sophistication and delivers an exceptional driving performance worthy of the name Cadillac.

Power without Compromise

A common misconception with EVs is that they provide an eco-friendly driving experience at the expense of power. The Cadillac LYRIQ confidently challenges that narrative. With up to 500 horsepower and 450 lbs of torque, the Cadillac LYRIQ can compete head-to-head with other powerhouse Cadillac models. For longer journeys, the Cadillac LYRIQ has an EPA-estimated range of up to 314 miles. Cadillac LYRIQ vehicles come with quick charging, a host of safety features, and the choice between single motor for RWD or a dual motor, enabling AWD. An investment in the Cadillac LYRIQ is an investment in automotive excellence.

Return on Investment

One major advantage the Cadillac LYRIQ has over standard vehicles: the overall value and maintenance cost. That’s thanks to the lower overall cost of charging (specifically at designated charging stations) versus purchasing fuel. Many drivers are incentivized to go electric simply for the charging alone, and 190 kW public fast charging of the Cadillac LYRIQ establishes it as a best-in-class option. Inherent to the design of all EV vehicles is lower maintenance costs overall. With fewer moving parts, no oil changes, no exhaust system and other advantages unique to EV operation, an electric vehicle like the Cadillac LYRIQ enhances the overall owner experience. And at #1 Cochran of Monroeville, we have a team of certified technicians ready to help you with any maintenance your LYRIQ may require over the course of ownership.

Tax Credits on New and Used EVs¹

There’s a number of incentives for drivers interested in buying a new or used EV. In the United States, the Inflation Reduction Act of 2022 introduced an up-to $7,500 tax credit when buying a new EV for personal use from a dealership. If you have any additional questions about eligibility, please contact us. If you’re in the market for a used Cadillac LYRIQ, there’s a similarly helpful incentive. You can receive up to $4,000 in tax credit when buying a used EV that’s at least two years old, purchased from a dealership and below $25,000. No matter which route you choose, you can receive financial incentives that make owning an EV even more affordable.

¹ Consult your tax, legal or accounting professional if you have questions. Residual enhancement amount is subject to change. This information does not constitute tax, accounting, or legal advice.