Cadillac Lyriq Regains Elgibility For $7,500 Tax Credit, Brand Cites Change In Supplier
GM announced this week that the Cadillac Lyriq will once again qualify for the Federal $7,500 tax credit after the company changed battery suppliers for two components in the all-electric SUV to help it once again fall into the criteria for that aforementioned tax credit. New Supplier Helps Lyriq Buyers Cash In On Credit The Lyriq’s recent troubles began after the U.S. Treasury passed revised battery sourcing rules on January 1st which changed the qualification requirements for the credit. These changes knocked half of available EVs for sale off the list and among those hit was the Lyriq. GM …