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GM luxury brand Cadillac publicly unveiled its upcoming, all-electric version of the Escalade in front of a crowd in New York this morning. The ESCALADE IQ is a far cry from the vehicle synonymous with music videos and transportation services the past 24 years, but in the best way. Cadillac has reimagined what is arguably its most iconic model for the all-electric age, and its engineering teams fingerprints are on every single square-inch. It’s a true marvel in large EVs, but it comes at a hefty price tag.

It’s been over a year since Cadillac originally announced it was developing an all-electric version of its long-running full-size SUV called the ESCALADE IQ. Aside from the new all-caps nomenclature and “IQ” suffix to match other Cadillac BEV models like the LYRIQ and CELESTIQ, all we really got from GM at the time was the name itself.

We made some performance predictions of what to expect at the time, like a 200 kWh+ battery pack (check), but like most specifics in journalism, you don’t know until you actually know. Cadillac had remained relatively quiet about the electric ESCALADE IQ until this past June, when it started teasing video footage of the SUVs headlamps, building anticipation for today’s unveiling.

Earlier this week, Cadillac’s parent company GM announced that all future BEV models on its Ultium platform will come equipped with bi-directional vehicle-to-home (V2H) capabilities, including the 2025 ESCALADE IQ which was mentioned specifically.

Today, we can confirm the new electric ESCALADE will offer V2H charging, as well as a slew of other new and exciting design and performance elements. Have a look.

Cadillac shows it’s all in with all-electric ESCALADE IQ

I got the invite to attend the official unveiling of the ESCALADE IQ in New York City this morning and speak with the large SUV’s Chief Engineer and veteran GM employee Mandi Damman. There’s a lot to unfold here, so let’s dig in.

First things first, let’s start with the overall look of this new Escalade, reborn for the all electric age. Cadillac’s designers told us the transition into a BEV gave the team the freedom of a blank slate approach, picking and choosing the most recognizable elements to the brand, while binning the unnecessary stuff… you know like a gas tank, engine, transmission, etc.

The result is a BEV that maintains the DNA of Cadillac’s first large SUV, but sports a sleeker, streamlined look that offers the low ride and aerodynamics necessary for ample BEV range (more on that in a bit). In front of the audience in New York, GM President Mark Reuss was already touting the electric SUV as its best driving and most maneuverable Escalade to date.

As you may notice from the images above, Cadillac says it pushed the wheels further to the corners of the Ultium platform for a more planted stance, which also creates a longer wheelbase. The engineers also pushed the passenger compartment back 11 inches offering more room inside.

The hood has been stretched and the rear slanted to offer a new look for the relatively boxy Escalades’s of old, once again contributing to its vital aerodynamics. Cadillac’s engineers shared that they were able to reduce the drag coefficient of the ESCALADE IQ by 15% compared to its combustion predecessor. I sat down with the new electric SUV’s Chief Engineer Mandi Damman and asked her what she is personally most proud of in the vehicle, which she described to me as her “third baby” behind her two actual children:

I’d have to say it’s the overall driving experience because I get caught up in this and then you get in one and the vehicle just shrinks around you, right? Everybody walks up to it and they’re like, ‘wow, this presence and this stance,’ but you get in and it feels small. It’s a full size SUV but that’s what I really love – there were zero compromises. It’s got all the technology that we wanted, there is no base model, it’s all in and I can’t wait for everyone to experience the media drives.

I can’t wait either, Mandi.

Next, let’s peep the ESCALADE IQ’s interior for a second. First thing you’ll notice when you enter the cabin (and in the images above) is the pillar-to-pillar 55-inch diagonal LED display which is split between a 35-inch screen for the driver and a 20-inch screen for the front passenger.

The entire display is powered by Qualcomm Snapdragon and sits above a cantilevered center console that appears suspended in the air, offering space below for belongings or according to Damman, a cooler accessory to keep your kombucha cold (what do Escalade drivers drink?).

The rear seats feature HDMI connections, plus rear displays with access to the internet and streaming apps. The rear center touch screen gives passengers access to climate control and the ability to automatically open and close the doors (with child lock I assume!).

Optional add-ons include a 40-speaker AKG system delivering 360-degree sound throughout the cabin – that’s six more speakers than the AKG system in the current premium Escalades. Take that!

In addition to 212 cubic feet of cargo volume in the interior, the electric ESCALADE IQ boasts a massive frunk etrunk – offering 12.2 cubic feet of additional cargo space. In my interview with Mandi Damman, she told me she thinks consumers will be most excited by etrunk, which can easily hold two golf bags or a large stroller.

I asked about the possibility of it doubling as a cooler, and she told me Cadillac designed a specific tray that can pull out with a rubber liner add on for groceries, cold drinks, etc. Combine that with the V2L add on and the 2025 ESCALADE IQ may be the new tailgate vehicle! Probably not, though…

  • electric Escalade

Other features

There are several innovative features coming to the ESCALADE IQ in addition to V2H charging. We learned that vehicle-to-load (V2L) capabilities will also come available as an add-on option for future customers backed by GM’s Ultify Software which will enable over-the-air (OTA) updates.

One of the cooler features showcased today is the electric ESCALADE IQ’s independent front and rear suspension. This dual-motor system not only offers eAWD, but utilizes four wheel steering to turn on a dime. Mandi Damman shared that this feature enabled engineers to reduced the ESCALADE IQ’s turning diameter by 6.5 feet to just 39.4 feet in all, during slow speeds.

GM President Mark Reuss said the electric Escalade’s turn diameter is now shorter than some sedans. The technology also enhances stability and handling at high speeds when trailering for instance. Check it out:

Standard four wheel steering also enables the all-electric ESCALADE IQ to perform “Arrival Mode,” which is Cadillac’s version of “Crab Walk” first showcased on the GMC Hummer EV. This mode allows the large SUV to drive diagonally at slow speeds to get in and out of tight spots. You can see it in action at around the (2:30) mark in the long form video at the bottom.

Alright, moving on. Another truly interesting feature present in this new Escalade is GM’s Magnetic Ride Control 4.0, bolstered by an Adaptive Air Suspension. The system instantaneously adapts the suspension to adapt to uneven road surfaces to “isolate passengers from undesirable road conditions while providing precise steering and feel.” It’s tough to grasp the smoothness of this technology unless you see it, hence why we included Cadillac’s video showcasing it below. You’re welcome.

Smooth, right? Look at that side profile while we’re at it, and tell me that if you didn’t see the front, you’d know that was an Escalade? Doubt it. One more factor in regard to the adaptive air suspension. Future ESCALADE IQ owners will be back to raise the SUV an inch, or lower it two inches for enhanced capabilities in Low Ride Mode.

Electric Cadillac ESCALADE IQ specs and pricing

Alright, time for the bread and butter – the specs (so far). According to Cadillac, these are the performance specifications it expects to deliver with its first electric large SUV:

  • 24-module Ultium battery pack
  • 200 kWh of usable energy
  • Estimated range up to 450 miles (724 km)
  • Up to 750 estimated horsepower (in Velocity Max Mode)
  • Estimated torque up to 785 lb-ft (in Velocity Max Mode)
  • 0-60 in under 5 seconds (in Velocity Max Mode)
  • 800V DC fast charging
    • 240V (7.7 kW) – Approx. 14.8 miles of range per hour of charge
    • 240V (19.2 kW) – Approx. 37 miles of range per hour of charge
    • DCFC (Public) – Up to 100 miles of range per 10 minutes of charge
  • 8,000 lb estimated towing capacity
  • Comes equipped with V2H, Super Cruise, 4 wheel steering standard
    • V2L available as an add-on

But what about pricing? As GM’s luxury brand, an MSRP for a vehicle donning the Cadillac badge is usually on the higher end, but what about a completely bespoke all-electric large SUV like the ESCALADE IQ?

When plans for the new BEV were first announced, we compared it to the combustion version which starts at $80,000 but is usually priced around $100,000 with add-ons. We of course figured it would cost more than $80k… but perhaps not $50,000 more.

That’s right, the new all-electric ESCALADE IQ will start at a whopping $130,000. That’s over $15,000 more than the starting MSRP of the higher end combustion Escalade ESV, but really not a huge leap when you think about the fact that it’s an all-in BEV with plenty of standard luxury features.

Looking ahead, Cadillac executives say the GM brand will have more exciting BEV news “very soon,” so stay tuned on that. I, of course, asked Damman if she could share anything about what’s next, but all I got was that more Cadillac BEVs are coming, and this is probably not the only version of the ESCALADE IQ we will see.

Until we learn more, you can start saving your pennies if you want to get your hands on Cadillac’s first all-electric ESCALADE IQ. Before that, check out a closer look in the video below:

Electrek’s Take

I admittedly have never been a huge fan of the Cadillac brand or its vehicles, even the Escalade, but I genuinely like this SUV. A lot.

Would I pay $130,000 for it? Probably not. I would probably go for a Rivian, personally, but I gravitate more to that brand’s ethos rather than the high end luxury of Cadillac. The R1S has also begun deliveries, too. Can GM deliver this massive BEV to market?

That’s the biggest question mark here in my opinion, as we’ve seen similar sized GM EVs slowly roll out, like the GMC Hummer EV pickup and SUV. I supposed when you’re charging over $100k a pop, you don’t have to deliver as many, but so far – we’ve seen a lot of sizzle and less tangible steak from GM on the EV market.

Cadillac, however, has done well so far with the LYRIQ. I can’t think of a more clear statement that the luxury brand is all-in on EVs than electrifying the model synonymous with its marque. On paper and at a relatively close look (I couldn’t get inside), the all-electric ESCALADE IQ is a gorgeous and well designed large SUV – I just can’t help but wonder who the targeted consumer is here.

This is going to be one to watch for sure. Looking forward to seeing how it drives.

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Tesla sales are down in every single European country except the UK, here’s why

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Tesla sales are down in every single European country except the UK, here's why

Tesla sales were down in every European country except for the UK in the first quarter, and there’s a reason why.

That’s while electric vehicle sales are still booming in Europe.

Tesla’s sales declined for the first time in Europe last year, but the decline accelerated in 2025.

Over the last three months, we have been reporting on worrying sales results for Tesla across most European markets, especially in important markets like France and Germany.

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Now, we have the delivery numbers for Tesla in all European countries, and the automaker is down 37% on the old continent compared to 2024, which was already a down year for Tesla.

On top of it, Tesla is down in every single country except the UK.

Here are Tesla’s Q1 2025 deliveries in each European country compared to Q1 2024:

Country Q1 2024 Q1 2025 Change
Germany 13,068 4,935 -62.2%
UK 11,768 12,474 6.0%
France 11,360 6,696 -41.1%
Belgium 7,219 3,019 -58.2%
Netherlands 6,854 3,445 -49.7%
Norway 5,121 3,817 -25.5%
Other 4,420 3,301 -25.3%
Sweden 4,312 1,929 -55.3%
Italy 3,721 3,469 -6.8%
Spain 3,601 3,169 -12.0%
Denmark 3,558 1,549 -56.5%
Switzerland 3,264 1,238 -62.1%
Portugal 2,888 2,145 -25.7%
Austria 2,506 1,304 -48.0%
Poland 1,264 899 -28.9%
Finland 894 475 -46.9%

The drop in sales in Germany was the most devastating for Tesla. It went from being Tesla’s biggest European market to being a distant third.

France also saw a significant 41% decline in sales.

This is also happening while electric vehicle sales are surging, regardless of Tesla’s performance.

Tesla is feeling the pain virtually everywhere in Europe except in the UK, but that’s because Tesla is selling its vehicles for much cheaper there.

In the UK, the Model Y PCP leasing starts at £399, which is the equivalent of €462, when the same vehicle starts €570 in Germany:

Interestingly, that’s not the case for the Model 3, which starts higher in the UK than in Germany.

Electrek’s Take

The reason for that is unclear to me. I’d love to hear theories in the comment section.

Could it be that Tesla planned to produce too many right-hand-drive vehicles and had to lower prices to ensure that it could deliver them?

It’s unclear, but I think the theory has some traction since I just learned that Tesla is also already discounting the new Model Y in Hong Kong – another right-hand-drive market.

Either way, I think it’s clear at this point that Tesla is having significant brand issues in Europe, in addition to increased competition.

Yes, Model Y had some supply issues due to the design changeover, but Model 3 sales are also down 11% compared to Q1 2024, when Tesla was still ramping up production of the Model 3 design refresh.

Tesla shareholders need to wake up. This is a self-inflicted wound that can be remedied by removing Elon Musk.

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Kia’s first electric sedan is almost here, but plenty more EVs are on the way

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Kia's first electric sedan is almost here, but plenty more EVs are on the way

That Kia EV sedan we’ve been waiting for is almost here. Kia also confirmed it will launch a midsize pickup in North America. Next week, three new Kia vehicles, including the EV4, its first electric sedan, will debut at the New York International Auto Show. Here’s what to expect.

Kia’s first electric sedan will debut at the NY Auto Show

Back in 2023, the EV4 stole the show as a concept during Kia’s first EV Day. Earlier this year, Kia unveiled the production model, debuting as the brand’s first electric sedan and hatchback.

The electric sedan is among the most highly anticipated EV launches of 2025. Kia’s EV4 will arrive this year as part of its low-cost EV lineup, and it could be a true challenger to the Tesla Model 3.

After opening orders in Korea last month, Kia said the EV4 will “set a new standard for electric sedans,” starting at just 41.92 million won, or about $28,000. It has two battery options, 58.3 kWh or 81.4 kWh, providing a range of 237 miles (382 km) and 331 miles (533 km) in Korea.

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With its North American debut now officially set for next week, Kia teased the new EV, claiming it will be one of three new vehicles.

The new vehicles include a sedan, an SUV, and “something in between.” Two will be fully electric, while the other offers a “sporty and versatile approach in the compact car segment.”

Kia's-first-electric-sedan-US
Kia EV4 electric sedan teaser for North America (Source: Kia)

More EVs are on the way, including an electric pickup

During its CEO Investor Day on Wednesday, Kia confirmed plans to launch a new midsize EV pickup for North America. In the long-term, the company aims to eventually sell 90,000 units for about 7% of the market share.

Kia’s electric pickup will be based on a new EV platform built for city and outdoor use. According to Kia, it will offer “best-in-class interior and cargo space, a robust towing system, off-road capabilities, and advanced infotainment and safety features.”

Kia-EV-pickup-US
Kia Tasman pickup truck (Source: Kia)

Following the EV6 and EV9, Kia is expanding its electric car lineup with the new EV3, EV4, and EV5, which will roll out this year. Kia is also launching its first electric van, the PV5, to kick off its new PBV business.

By 2030, the company plans to sell 2.33 million electrified vehicles, accounting for 56% of global sales. This includes 1.26 million EVs and 1.07 million hybrids.

Kia's-first-electric-sedan-US
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

As it expands its lineup, Kia expects electrified models to account for 70% of sales in North America, 85% in Europe, and 73% in Korea by the end of the decade.

Kia boasted that it will “lead the mass adoption of EVs by expanding its EV lineup with the addition of another volume model, the EV2,” which is expected to launch in early 2026.

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U.S. crude oil falls 3%, trades below $58 per barrel as China imposes retaliatory tariffs

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U.S. crude oil falls 3%, trades below  per barrel as China imposes retaliatory tariffs

An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas. 

Brandon Bell | Getty Images

U.S. crude oil futures fell about 3% on Wednesday, as China announced retaliatory tariffs on the U.S. after President Donald Trump’s sweeping levies took effect.

The U.S. benchmark dropped $1.83, or 3.07%, to $57.75 per barrel by 9:41 a.m. ET. Global benchmark Brent tumbled $1.93, or 3.07%, to $60.89.

The oil sell-off took a leg lower earlier in the session after Beijing announced tariffs of 84% on U.S. goods in response to Trump’s levies. U.S. crude fell more than 7% to an intraday low of $55.12, while Brent tumbled to $58.40 at its lowest point during the session.

China’s tariffs take effect on April 10.

Traders are worried the world is descending into a full-blown trade war that will trigger a recession, hitting crude oil demand. OPEC+, meanwhile, has agreed to accelerate output in May, which will bring more oil to a market that was already facing a surplus.

The collision of recession fears and growing oil supply is a “toxic cocktail,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC on Tuesday.

The U.S. and Iran are scheduled to hold talks in Oman on Saturday to discuss the Islamic Republic’s nuclear program. Successful negotiations could result in more Iranian oil entering the global market.

Catch up on the latest energy news:

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