2026 Cadillac Escalade IQL priced at $132,000 to start
2026 Cadillac Escalade IQL priced at $132,000 to start
Show Caption
Hide Caption
EV version of Cadillac Escalade gets a name
Called the Escalade IQ, it is one of three new EVs Cadillac plans to unveil this year.
Cadillac, Detroit Free Press
The Escalade IQL will have an estimated range of 460 miles and be able to gain 116 miles of range in 10 minutes with fast charging.
Production is expected to begin in mid-2025 at GM's Factory Zero plant in Detroit.
Cadillac has released pricing information for the 2026 Cadillac Escalade IQL, the long-wheelbase version of the brand's cornerstone vehicle.
The variant comes nearly two years after Cadillac revealed its first all-electric full-size SUV.
Starting at $132,695, the price includes destination freight charge but not tax, title and dealer fees.
If buyers initiate the velocity max feature, the vehicle can reach 750 horsepower and 785 pound-feet of torque, Cadillac said. The vehicle could also reach 60 mph in 4.7 seconds.
The SUV promises more cargo space, executives said in a news release, as well as Cadillac-estimated range of 460 miles on a full charge. Cadillac also anticipates faster charging turnaround, with customers plugging in to fast charging stations pulling in 116 miles of range in 10 minutes.
Cadillac plans to sell the 2026 Cadillac Escalade IQL in all its 10 markets, including China and Canada, with production slated for mid-2025 at General Motors' Factory Zero plant in Detroit.
Affluence made affordable: The cheapest luxury SUVs of 2025
Ambitious plans for Cadillac brand
Cadillac is inching closer to its goal of having an all-electric vehicle lineup by 2030, an ambitious goal even without criticism of EVs from President Donald Trump.
John Roth, 56, vice president of Global Cadillac, told the Free Press that the brand's vision plan, first drafted in 2015, has come to fruition this year.
'As you scanned the luxury landscape at that time, you saw brands moving up and becoming truly tier one, and others struggling in the marketplace that I call 'plus plus' — with a sister division that just takes a model and puts luxury elements on it,' Roth said. 'Are you truly engineering a portfolio and a platform from the ground up and making it a luxury vehicle? That's where Cadillac wanted to go.'
Cadillac's all-electric options come as the company has finally exceeded pre-pandemic sales volume.
Cadillac sales of 160,204 last year marked a 2.5% increase from 156,246 in 2019, according to the Automotive News Data Center. Still, it remains lower than the brand's peak of 235,002 Cadillacs sold in 2005, the highest annual figure in a data set going back to 2004.
So far, GM's luxury EV sales show how viable the new powertrain is for customers — once production hurdles were solved. The Lyriq launched in 2022 and the U.S. Cadillac dealers sold only 122 vehicles thanks to assembly line issues. Sales rose exponentially in 2023, with 9,154, and 28,402 in all of 2024.
Electrification 'inevitable'
If you apply the thought process first planned in 2015, General Motors would have arrived at an EV strategy even without pressure from federal and safety agencies promoting sustainable vehicle production, Roth said, because of what a battery wrapped around platform enables auto designers to do.
'You end up with cars and SUVs like we have today because you're no longer constrained by the traditional gas elements that make up a vehicle,' he added. 'Blistering fast relative to an ICE counterpart, but one with driving dynamics built into it.'
Escalade sales, in particular, rebounded quickly from the pandemic, with 41,671 total sold last year.
The new Escalade, 'is literally its own platform, design, wiring architecture and exterior vehicle design,' he said. 'If you set the two of them next to each other, they still have Escalade characteristics, but the IQ is a completely different vehicle than its sister.'
The next vehicles Cadillac launches will be the Optiq compact SUV and a three-row Vistiq SUV.
There's no telling what the rest of this year holds, particularly with the first cannon blasts of a trade war firing this week. Still, as ever, there's optimism in the auto industry, and Roth is among those looking forward to the next five years.
'Every big milestone of innovation meant volume growth and brand growth for General Motors,' he said.
Jackie Charniga covers General Motors for the Free Press. Reach her at jcharniga@freepress.com.
This story was updated to add a video.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
China's factory-gate deflation worst in 22 months as economic headwinds mount
BEIJING (Reuters) -China's producer deflation deepened to its worst level in almost two years in May while consumer prices extended declines, as the economy grappled with headwinds from trade tensions and a prolonged housing downturn. Uncertainties from a tariff war with the United States and weak consumption at home have rattled sentiment and fuelled expectations of more policy stimulus to combat deflationary pressures. The producer price index fell 3.3% in May from a year earlier, worse than a 2.7% decline in April and the deepest contraction in 22 months, National Bureau of Statistics data showed on Monday. That compared with an estimated 3.2% fall in a Reuters poll. Cooling factory activity highlights the impact of U.S. tariffs on the world's largest manufacturing hub, dampening faster services growth as suspense lingers over the outcome of U.S.-China trade talks set to resume in London on Monday. In a phone call on Thursday, U.S. President Donald Trump and Chinese leader Xi Jinping discussed trade tensions and critical minerals, leaving key issues for further negotiations. The consumer price index dipped 0.1% last month from a year earlier, after falling by the same amount in April and slightly better than a Reuters poll forecast of a 0.2% decline. CPI slid 0.2% on a monthly basis, compared with a 0.1% increase in April, and matched economists' predictions of a 0.2% decline. Retail sales growth slowed last month as spending continued to lag amid job insecurity and stagnant new home prices despite a recent raft of support measures. With households cautious about spending due to income pressures, some companies have resorted to price discounts to boost sales, prompting the authorities to urge an end to the auto industry's bruising price wars. The core inflation measure, excluding volatile food and fuel prices, registered a 0.6% year-on-year rise, slightly faster than a 0.5% increase in April
Yahoo
an hour ago
- Yahoo
Dow futures dip as stocks eye record highs ahead of U.S.-China talks and inflation reports
Stock futures ticked lower on Sunday night as the S&P 500's recent rally has brought it within 2.4% of its all-time high reached in February, before President Donald Trump's trade war ravaged markets. That comes ahead of a big week, which will see another round of U.S.-China trade talks and key inflation reports. U.S. stock futures pointed down on Sunday night ahead of a big week that will be highlighted by more U.S.-China trade talks and fresh inflation data. A strong jobs report on Friday added more fuel to a rally that has lifted the S&P 500 to within 2.4% of its all-time high reached in February, before President Donald Trump's trade war sank markets. Futures for the Dow Jones Industrial Average fell 44 points, or 0.10%. S&P 500 futures slipped 0.15%, and Nasdaq futures eased 0.23%. Tesla stock may see more downside after Trump said his relationship with CEO Elon Musk is over. The yield on the 10-year Treasury slipped less than 1 basis point to 4.506%. The dollar fell 0.11% against the euro and 0.15% against the yen. While Wall Street may not react to Trump sending National Guard troops to Los Angeles, his overall immigration crackdown represents a labor-supply shock to the economy that has implications for the dollar. Gold dipped 0.28% to $3,337.20 per ounce. U.S. oil prices climbed 0.08% to $64.63 per barrel, and Brent crude gained 0.05% to $66.50. On Monday, U.S. and Chinese officials will meet in London to begin another round of trade talks after agreeing last month in Geneva to pause their prohibitively high tariffs. Since that de-escalation in the trade war, both sides have accused the other reneging on their deal. For the U.S., a key sticking point has been the availability of rare earths, which are dominated by China and are critical for the auto, tech, and defense sectors. Kevin Hassett, director of the National Economic Council, sounded upbeat on Sunday that the London talks could result in a resolution. 'I'm very comfortable that this deal is about to be closed,' he told CBS News. Meanwhile, new inflation data are due as the Federal Reserve remains in wait-and-see mode to assess how much Trump's tariffs are moving the needle on prices. The better-than-expected jobs report on Friday eased fears of a recession, taking pressure off the Fed to cut rates to support the economy. That means that any rate cuts may have to come as a result of cooler inflation. The Labor Department will release its monthly consumer price index on Wednesday and its producer price index on Thursday. Also on Wednesday, the Treasury Department will issue its monthly update on the budget, offering clues on how much debt the federal government is issuing amid concern about bond supply and demand. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Japan's Q1 GDP contraction narrows on consumption improvement, revised figure shows
By Satoshi Sugiyama TOKYO (Reuters) -Japan's economy contracted in the January-March quarter at a slower pace than initially estimated, government data showed on Monday, with consumption figures revised upwards at a time when uncertainty surrounding U.S. tariffs is clouding the outlook. Gross domestic product shrank an annualised 0.2% in the three months through March 31, showed revised data from the Cabinet Office, rather than 0.7% announced on May 16 which matched economists' median forecast. Versus the previous quarter, the revision translates as flat in price-adjusted terms compared with an initially estimated 0.2% contraction. The revision does little to allay analyst concern that economic growth was losing momentum even before U.S. President Donald Trump implemented his so-called reciprocal tariffs on April 2. "It wasn't a revision that changed our view on the overall economy," said economist Uichiro Nozaki at Nomura Securities. Private consumption, which accounts for more than half of Japan's economy, grew 0.1%, versus flat in the initial reading. The capital expenditure component of GDP, a barometer of private demand-led strength, expanded 1.1% in the first quarter, revised from 1.4%. Economists had estimated 1.3%. An upward revision in private inventory contributed to reducing the degree of contraction in the overall figure, the government said. External demand, or exports minus imports, knocked 0.8 percentage point off growth, as in the initial reading. Conversely, domestic demand contributed 0.8 percentage point. Japan faces a 24% U.S. tariff from July unless it can negotiate a lower rate. With automobile-related companies comprising Japan's biggest industry, the government is also seeking an exemption for Japan's automakers from a 25% tariff. "In terms of the April-June quarter and beyond, there are a number of concerns, such as worries about exports and weak domestic demand," said economist Kazutaka Maeda at Meiji Yasuda Research Institute. "It is unclear how the tariff negotiations will turn out, but given the scale of the automotive industry, it will be difficult for the U.S. to back down easily, meaning the talks will be quite difficult." Policymakers and analysts are concerned that trade tension unleashed by U.S. tariffs may complicate the Bank of Japan's efforts to normalise monetary policy. The central bank is set to hold a two-day policy meeting early next week. Monday's revised data is not likely to have much influence on the meeting outcome, said Nomura's Nozaki. The BOJ is more concerned about tariff negotiations and their impact on exports and the overall economy once they are concluded. "For the BOJ, the basic approach to assessing the economy will be to monitor both the immediate data and the status of negotiations" to make policy decisions, Nozaki said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
