By 2030, the majority, if not all, of its Cadillac cars and SUVs that the United States auto giant General Motors would be selling all over the world would be completely electrically powered, a company executive told the media.
Based on market demand, the current models of internal combustion engines will be phased out by the company, said Cadillac President Steve Carlisle on Thursday. An inflection point for electric vehicles for the brand will likely occur in the mid-2020s, believes Carlisle.
“We’re going to enter that decade as an internal combustion engine brand. That’s where we are. We’ve never been better positioned as an internal combustion brand,” he said during a media event Thursday in Detroit. “It’s a decade we’re also going to exit as a battery-electric brand. There’s a lot that’s going to be going on for Cadillac in the ’20s.”
GM plans to bring to the market 20 new all-electric vehicles globally by 2023 and this is likely to begin with a the launch of its first all-electric vehicle as early as 2021 in China and then in the US. The company previewed the crossover in January.
“It’s the end of the ICE age for Cadillac,” Carlisle said referring to internal combustion engines.
A large electric SUV similar to the Escalade is expected to be offered by the company, Carlisle also confirmed. The company also plans to give the traditional names such as Escalade to all future electric vehicles that it manufactures, instead of the electric vehicles of today that have “CT” or “XT” monikers and a number for their names, he said.
A gasoline SUV on the same platform as GM’s recently unveiled Chevrolet Tahoe and Suburban SUVs, which is the next-generation Escalade, will be brought into the market on February 4 next year in Los Angeles, Cadillac announced on Thursday.
The third car to possess the feature of Cadillac’s Super Cruise driver-assist system that is more or less the same as the Tesla’s Autopilot system will be the redesigned 2021 Escalade, according to Carlisle. Currently, the Cadillac CT6 sedan is the only vehicle in the GM’s stable that has the highway driving system. An updated version is expected to debut on the Cadillac CT5 sedan, followed by the Escalade.
Its second consecutive year of record global sales is expected by Cadillac, according to Carlisle, which will include the company notching up its first retail sales growth in the US since 2013.
During the third quarter of the year, there was growth of 8.8 per cent in global sales for Cadillac which included a 10.9 per cent growth in the Chinese market despite the volatility in the market there. He said that there was also an increase of 2.4 per cent in retail sales in the US year to date and this number does not take into account the less-profitable fleet sales.
(Adapted from CNBC.com)