Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

2023 Cadillac Lyriq. Photo: GM

GM plans to start taking orders in September for the 2023 Cadillac Lyriq, a striking electric SUV coming early next year at a starting price of $59,900.

Why it matters: The production version of the Lyriq, which debuted Wednesday, marks the beginning of the luxury brand's phaseout of gasoline-powered vehicles by 2030.

The big picture: The Lyriq, which looks remarkably similar to a show car unveiled last year, features GM's new modular Ultium battery system.

  • Ultium will also power upcoming electric models like the GMC Hummer pickup and SUV, Chevrolet Silverado pickup and Cruise Origin robotaxi.
  • GM plans to launch 30 EVs globally by the end of 2025, two-thirds of which will be available in North America.
  • The company has committed $27 billion to develop electric and autonomous vehicles in the next five years, including construction of two giant battery factories in Ohio and Tennessee.

Details: The rear-wheel-drive Lyriq will launch with a 100 kilowatt-hour battery pack that will deliver an estimated 340 horsepower and more than 300 miles of driving range with a full charge, Cadillac said.

  • Officials said all-wheel-drive performance versions will come later.
  • The $59,900 price tag is substantially lower than other luxury EVs, including the $71,000 Jaguar iPace, $66,995 Audi e-Tron and $79,990 Tesla Model X. Tesla's smaller Model Y starts at $39,990.

Charging alternatives include fast charging at public stations (adding up to 76 miles of range in 10 minutes) and a 19.2 kW home charger (adding 52 miles of range per hour).

Yes, but: The Lyriq lacks at least one convenience found in a Tesla, the leading purveyor of electric cars.

  • Tesla has its own proprietary high-speed Supercharger network. Just plug in and the car is recognized, so payment is automatically billed to the owner.
  • While the Caddy can be charged at a variety of non-Tesla public charging networks such as EVGo, Chargepoint or Electrify America, owners need to pre-register with each network and maintain an assortment of swipe cards, RFID fobs or phone apps for payment purposes.

What to watch: Cadillac officials say they intend to bring Tesla-like automated payment through a new Plug and Charge protocol already in use across EV charging networks in Europe.

  • It's a mundane but important convenience: the technology identifies an EV to a charging network, which then validates the car and provides automated billing information to begin charging.

What's next: A new ad campaign featuring the 2023 Cadillac Lyriq debuts April 25, during the Oscars broadcast.

Editor's note: This story has been corrected to reflect that the Lyriq has an estimated 340 horsepower, not 240.

Go deeper

Tesla co-founder raises $700 million for battery recycling startup

Illustration: Sarah Grillo/Axios

Redwood Materials, a Reno, Nevada-based battery recycling startup founded by Tesla co-founder JB Straubel, has raised $700 million at a $3 billion pre-money valuation led by T. Rowe Price.

Why it matters: Battery supply chains are coming under pressure from growing public acceptance of electric vehicles and automaker promises to switch away from gasoline engines.

23 mins ago - Health

Biden gets COVID-19 booster shot on live television

President Biden received a Pfizer-BioNTech coronavirus vaccine booster shot on live television on Monday, while also urging Americans to get vaccinated.

Driving the news: The Centers for Disease Control and Prevention last week recommended Pfizer booster shots for millions of people, including those 65 years and older and individuals at high-risk of severe COVID-19.

John Hinckley, who shot Reagan, wins unconditional release

John Hinckley Jr. sitting on the back seat of a car in 1981. Photo: Bettmann/Getty Images

A federal judge on Monday approved the unconditional release of John Hinckley Jr., who tried to assassinate former President Reagan in 1981.

State of play: U.S. District Court Judge Paul L. Friedman in Washington ruled that Hinckley can be freed from all court supervision in 2022 if he remains mentally stable and continues to follow rules that were imposed on him after he was released from a Washington mental health facility in 2016 to live in Virginia, AP reports.