GM Asks Treasury to Classify its Cadillac Lyriq as an SUV

Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
Joins growing list of carmakers embracing electrification.
Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
Details of CX-90 to be fully revealed in January.
The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
Magazine cites in part the model’s appeal to existing truck owners.
The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
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