The Cadillac Lyriq sets the standard for style, sophistication, and sustainability. With its sleek design and cutting-edge technology, the Lyriq has positioned itself as one of the best electric vehicles in the market. However, it doesn’t come cheap. Let’s dive into the features and costs of each trim level and what an extra $20,000 will get you on the 2024 model.

The price difference between the top and base trim of the 2024 Lyriq is $20,000

The 2024 Cadillac Lyriq is available in three trims, each catering to different budgets and preferences, and you can explore the different trims with Edmunds. The base trim, Tech, has a starting MSRP of $58,590, while the second trim level, Luxury, starts at $69,195. The top-most trim, Sport, starts at a whopping $69,695. A fully loaded 2024 Cadillac Lyriq price reaches $73,595, with optional features including a highway safety kit, floor liner package, front and rear splash guards, front license plate bracket, and 19.2 kW capable onboard charging module, which all add up to $2,505.

The price also includes a $1,395 destination freight charge. This price gap of nearly $20,000 represents not only an increase in cost but also a considerable upgrade in terms of features, performance enhancements, and luxurious touches.

Anyone looking for a higher level of sophistication can add the extra money to gain access to advanced tech packages, more powerful performance options, enhanced safety features, and top-tier entertainment systems.

The main differences between the 2024 Lyriq trim levels

Each of the three trims in the 2024 Cadillac Lyriq has an escalating level of equipment. The base trim features a single-motor electric powertrain that produces 340 hp and 325 lb-ft of torque. However, its range dropped from 312 miles per single charge to 308 miles. Other desirable features include one-pedal driving, regen on demand, wireless phone charging, Google built-in compatibility, and a 33.0-inch advanced LED display.

The midrange trim, Luxury, adds more desirable features, including Super Cruise driver assistance technology, a black painted roof, a Nappa Leather Package, front seat ventilation, lumbar massage, second-row heated outboard seats, and an AKG Studio 19-speaker audio system. Unlike the Tech trim’s 11.5 kW AC charging, the Luxury trim offers 19.2 kW charging.

The top trim, Sport, has all base and Luxury features and dons a more aggressive exterior than the other trims. It adds Obsidian Chrome, dark accent finishes, body-color door handles, and a unique illuminated front grille. The Lyriq also has standard 20-inch alloy wheels, but you can get 22-inch alloy wheels for the Luxury and Sport trims.

All trims come standard in rear-wheel drive, but all-wheel drive is optional and adds a 500-hp dual motor engine at the front to power those wheels. The 2024 Lyriq manages an impressive 4.6 seconds to hit 60 mph.

Is the $20,000 Cadillac Lyriq price upgrade worth it?

$20,000 is a lot of money, especially considering some good used vehicles go for that amount or slightly more. The Lyriq is Cadillac’s first all-electric midsize SUV trial, and so far, so good. An automaker’s first EV sets the stage for its future in the electric segment, and although some EVs are usually a hit or miss, the Lyriq shows that Cadillac might have a brighter EV future.

The car is roomy and comfortable and drives smoothly. Additionally, it is more affordable than other luxury SUVs. For instance, the BMW iX has a starting MSRP of $88,095, while the Tesla Model Y starts at $65,990. The only difference is that the BMW generates more horsepower than the Lyriq, while the Model Y offers better mileage. The 2024 Cadillac Lyriq’s price makes it competitive with those two models.

If you’re on a strict budget for a luxury SUV, you may find it hard to justify the extra $20,000. However, if you’re looking for a slick-looking, efficient, and capable luxury SUV, the top trim and added costs may be worth it.