- 1. It’s far more affordable than the Tesla Model X
- 2. It has a faster DC charging rate
- 3. There are available credits for home charger installation
Tesla was once known as the best of the best. However, the Tesla Model X may no longer rule the roost in the EV space. A new luxury EV is on stage now called the Cadillac Lyriq, and it’s already proving to be a highly sought-after entry in the segment. Before deciding on a luxury EV, take a closer look at what the 2023 Cadillac Lyriq brings.
Based on specs, performance metrics, charging, and affordability, we’ll offer a comparison between the Model X and the Lyriq. Not that you need another reason to buy a 2023 Cadillac Lyriq. But if you did, here are three more to justify purchasing this incredible, electrifying ride.
1. It’s far more affordable than the Tesla Model X
2023 Cadillac Lyriq | Getty Images
Comparing the price points of the Tesla Model X with the 2023 Cadillac Lyriq immediately offers a distinction. Based on pricing outlined by Consumer Reports and Edmunds, the 2023 Cadillac Lyriq will cost between $61,795 and $63,795.
A 2022 Tesla Model X, according to Edmunds, will set you back $104,990 to $114,990 and upwards of $138,000. It’s not often you’ll find a Cadillac as the most cost-effective choice between models. However, in this luxury EV space, it will save you thousands to choose the Cadillac Lyriq over the Tesla Model X.
2. It has a faster DC charging rate
When you’re buying a luxury EV, you’ll need to consider the charging experience. As Consumer Reports points out, the Tesla Model X offers DC fast-charging capability, which can be a huge time saver when you’re traveling long distances. But don’t discount the Cadillac Lyriq because it’s also compatible with DC fast-charging stations.
According to Cadillac, the 2023 Lyriq comes with DC fast charging capability. And the charging rates range up to 190 kW of power. Alternatively, Tesla says the Model X has a charging rate of 120 kW.
You can explore the various options for charging the Model X based on charging times and wattage using an EVBox. However, the Cadillac has the advantage in the overall charging range comparison.
You’ll also want to be mindful of EPA estimated ranges for driving on a full charge. Cadillac’s entry can cruise up to 312 miles on a full charge, as confirmed by GM Authority. Tesla’s EV claims to be 333 miles on a full charge. But if you’re charging with more power on the Lyriq, those few miles of difference won’t matter when you’re on the road and quickly charging between stops.
3. There are available credits for home charger installation
If you need another good reason to buy the 2023 Cadillac Lyriq over the Tesla Model X, check out the available credits for home charging installation and setup. According to Autoblog, using your Level 2 home charger, you can expect to recoup 52 miles of range.
Every 2023 model Cadillac Lyric will come with the option to purchase EV charging credits. Lyriq buyers can either go with two years’ worth of unlimited charging credits for use at EVgo charging stations, or they can take advantage of the home install credit, worth up to $1,500, to put toward the setup of the Level 2, 240-volt outlet at home. And Cadillac partners with Omerit, a nationwide network of “Electric Vehicle Supply Equipment Installers and Contractors.”
So, as you weigh your options and conduct your own comparisons, consider these three key reasons to buy the 2023 Cadillac Lyriq over the Tesla Model X. You’ll save more money and charging time and reap a few benefits with the charging station credit.
Keyword: 3 Reasons to Buy a 2023 Cadillac Lyriq, Not a Tesla Model X