After some misadventures with the ELR, Cadillac has stepped back into the Plug-In Hybrid game with their new CT6 PHEV. The car is expected to ship in the spring of 2017 and start at $76,090 before incentives are taken into account.
The CT6 compares well to its gas counterpart, offering much higher efficiency (65 MPGe), better performance (335hp, 0-60 in 5.2s, compared to 5.3-6.1s depending on engine configuration) and 30 miles of all-electric range. This is less electric range than the Volt offers, and even less than the ELR did, which is an unfortunate step backwards by GM. That said, 30 miles fits almost exactly the average daily mileage driven by American drivers (29.2 miles), so this should still allow many drivers to avoid using gasoline on most days, especially if they have a short commute or can charge at work.
The gas-powered CT6 costs $69,585 for the “Premium Luxury” trim level and twin-turbo engine, which is the most comparable to the PHEV version, which means the PHEV version comes with a $6,505 premium. However, it includes some extra options, and various government incentives will be available, including the $7,500 federal tax credit and possibly state incentives as well. This should mean that the CT6 Plug-In Hybrid will be cheaper than a similarly-equipped gas version after incentives, in addition to the performance and efficiency benefits – which means even more savings on gasoline in the long term. At this price, if you’re thinking about getting a CT6, there’s no reason I can imagine not to get the plug-in version.
While GM has been making a plug-in hybrid for years with the Volt – which we reviewed positively a few months ago – the ELR, Cadillac’s previous effort, was basically a classed-up Volt powertrain underneath a different body style, nicer interior and a few upgraded components, with a heavily inflated price. Introduced with a $75k base price, it sold very poorly until GM dropped the price and started offering huge dealer incentives, until eventually some customers were able to purchase the car for not much more than $50k. Still, this was not enough to save the ELR project, and it was cancelled this year. It’s good to see Cadillac offering another plug-in hybrid, at what seems to be a good value when compared to its gas offering.