GM’s new Cadillac Escalade is the most expensive and powerful yet at $150,000

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2023 Cadillac Escalade V-Series

Cadillac

DETROIT — General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV yet when it goes on sale this summer, starting at around $150,000.

The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that develops 682 horsepower and 653 pound-feet of torque. That’s a significant performance upgrade over the 420 horsepower and 460 foot-pounds of torque of the SUV’s current V-8 engine.

“There’s nothing like it in the industry,” Cadillac Escalade global product manager David Schiavone said during a press briefing. “It will be the most exclusive and expensive Escalade ever.”

Schiavone declined to disclose how many Escalade-V models the company plans to produce per year. However, given its performance and starting price of $149,990, production will likely be low but very profitable. Pricing is nearly double the entry-level Escalade model, at around $76,300.

2023 Cadillac Escalade-V

Cadillac

Automakers have increasingly added performance variants to their lineups to boost profit margins before switching to electric vehicles, which can offer high performance but lower margins than gasoline-powered cars.

GM’s new V-Series, previewed earlier this year, resembles current Escalade SUVs, but includes new badging and parts to improve vehicle performance. Cadillac claims the vehicle can hit 0-60 mph in about 4.4 seconds, an impressive time for a full-size luxury SUV.

The vehicle is equipped with the Escalade’s most expensive interior option, which includes leather seats, power massage front seats, a 36-speaker AKG Studio Reference audio system, information displays and 38-inch OLED control and Zebra Wood accents.

Cadillac’s “V” or “V-Series” designation has traditionally been used for low-production performance cars. The Escalade is the first SUV to receive the badge, as GM tries to squeeze as much profit as possible from current vehicles with internal combustion engines to help fund new electric vehicles and technologies.

2023 Cadillac Escalade V-Series

Cadillac

Cadillac has announced plans to offer exclusively electric vehicles by the end of this decade, starting with the recently launched Lyriq crossover. The effort is part of GM’s overall plan to offer all-electric vehicles globally by 2035.

Schiavone said the brand is still on track to meet its electric vehicle goals, but will continue to offer gas-powered models until then. He declined to say whether the Escalade-V would be the last major change for the vehicle before it becomes an electric vehicle.

“Cadillac is committed to an all-electric future,” Schiavone said. “It’s already starting, but it’s not happening today. You’ll see EV and ICE engines for several years until we reach our full EV future.”

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