Cadillac Plans to Price EV Around $300,000

Cadillac plans to price a future electric sedan at around $300,000, according to people familiar with the matter, testing the cachet of General Motors luxury brand.

GM is set to reveal later this summer a prototype of the car, named the Celestiq. The company has said the sedan will be Cadillac’s premier offering and custom-built at its engineering center near Detroit. It hasn’t disclosed pricing.