Cadillac's Escalade IQ is its brand new $130,000 all-electric SUV

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Cadillac unveiled its third EV — the Escalade IQ — as it works toward its goal of becoming fully electric by 2030. It is the first fully eclectic full-size SUV from Cadillac.

Cadillac unveils the Escalade IQ, its first fully electric EV and the first of three to be revealed this year.

The National Renewable Energy Laboratory estimates that 182,000 fast chargers will be needed by 2030 "to enable long-distance travel and ride-hailing electrification and to support those who lack access to residential charging." "People are worried about it, and they should be worried about it. Just like they're worried about the cost of some of the EVs that are coming out today. That's a real issue," Reuss told FOX Business during an interview Wednesday in New York City.To help, Ford and GM decided recently to adopt Tesla’s EV charging connector, the plug that links an electric vehicle to a charging station.

The companies said they will share in a multibillion-dollar investment to build "high-power" charging stations with at least 30,000 plugs in urban areas and along travel corridors by 2030.

 

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