General Motors has confirmed that Cadillac will produce a new electric model, and it is scheduled to hit the EV market in 2014. The Cadillac ELR will be an extended-range plug-in hybrid coupe and will use a powertrain similar to that of the Chevrolet Volt. Using this powertrain, the ELR is expected to have an expected all-electric range of 35 miles or more.

Cadillac has not released very much information regarding the new ELR. There has been some speculation that the price of the ELR could be around $57,000, similar to Tesla’s base model S.