2014 Cadillac Ats Standard Rwd on 2040-cars

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Submit your questions for Autoblog Podcast #325 LIVE!

We're set to record Autoblog Podcast #325 tonight, and you can drop us your questions and comments via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
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Twin-turbo Cadillac CTS coming

VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf , Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60. The Swedish carmaker is 82%-owned by China’s Zhejiang Geely Holding Group. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs. Hyundai said in a statement it was committed to its long-range EV plans and that it "will utilize key provisions in the Inflation Reduction Act to accelerate the transition to electrification." Rivian declined to comment and the other automakers could not immediately be reached for comment. Treasury also disclosed General Motors electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury said all GM EVs will qualify. Earlier, Ford Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations. The rules were announced last month and mandated by Congress in August as part of the $430 billion Inflation Reduction Act (IRA). The IRA requires 50% of the value of battery components be produced or assembled in North America to qualify for $3,750, and 40% of the value of critical minerals sourced from the United States or a free trade partner for a $3,750 credit. The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.

Cadillac files to trademark Vistiq, Lumistiq, and Escalade IQL

Cadillac's been tapping various European patent offices to reserve names for its coming battery-electric model lineup. Remember, Cadillac plans to be an EV-only brand by 2030, it's trimmed-down dealer network expected to sell a range wherein all or most models end with "iq," as in Lyriq and Celestiq, that pronunciation being "ik," not "eek." In July of last year, brand attorney's filed to reserve the names "Cadillac Symboliq" and "Symboliq" in Switzerland. CarBuzz found three more applications in the category of "Motor land vehicles, namely, automobiles," one in the UK for the name Vistiq, another in Austria for the name Lumistiq, the last in an unknown country for the name Escalade IQL.   Yes, those first two names make us think of X-Men before they make us think of cars. But assuming the names ever get applied to product, we expect those products will be cars, and we also expect those cars will be of the crossover variety since safe money says CUVs will still be more popular than sedans and wagons in 2030.  Since the Escalade name effectively acts as its own brand, it appears the moniker will be grandfathered into the EV naming structure by turning "IQ" into a kind of trim. Our money is on the IQL version being a long-wheelbase variant of a battery-electric Escalade. The Ultium-powered version of the big-boy SUV is due here by 2025 at the latest and will be sold alongside the traditional, ICE-powered Escalade until the V8 Escalade goes away.    The switch to electric is Cadillac's moon shot; there isn't much else for the brand to try for winning back its bygone glory and acclaim. By the time Vistiq and Symboliq get here, though, we could all be drinking the IQ Kool-Aid and climbing on board if the Lyriq (pictured) and Celestiq, both expected around 2023, prove impossible to resist.  Related Video: