General Motors Co. unveiled a long-awaited Cadillac electric vehicle that will offer Tesla Inc.-like range, though prospective buyers will need to be patient.
The Cadillac Lyriq is debuting about four months later than planned, with GM having postponed the reveal because of coronavirus. But that interval pales in comparison with the two years it will take for the plug-in crossover to go on sale.
GM’s plan to bring Lyriq to market in late 2022 risks being a bit of a letdown for investors who heard Chief Executive Officer Mary Barra’s EV pitch and were enthused about its prospects. The more than 300 miles of range Cadillac is planning for its first all-electric vehicle would beat Audi’s e-tron and Jaguar’s I-Pace, but Tesla’s Model Y and X crossovers already boast that ability.