2016 Cadillac ELR Gets More Power, $9,000 Price Cut

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2016 Cadillac ELR (1)

With an out-the-door price, after tax incentives, the ELR will now cost $58,495 — roughly $9,000 less than the outgoing model.

The Cadillac ELR has been a sales disaster. What showed so much promise in concept form fell flat due to an expensive price and performance that barely differed itself from the cheaper (and yet still under-performing) Chevy Volt. Rumors even swirled that the ELR was effectively dead-in-the-water, and yet what we have here is perhaps Caddy's last ditch push in the marketplace — the 2016 ELR. 

Many of the ELR plug-in hybrid's shortcomings have been addressed, such as more power and better handling, along with clever tech that now arrives as standard. But perhaps most importantly, the 2016 ELR sees a sizable price drop. 

And that's the problem with many plug-in hybrids today: the technology isn't yet cheap enough to offer it at a price that makes sense to the consumer. We'll see soon enough whether this new ELR will finally appear on the hybrid map.