Photo of 2016 Cadillac ELR courtesy of General Motors.

Photo of 2016 Cadillac ELR courtesy of General Motors.

Cadillac is increasing the power and lowering the price for its ELR plug-in hybrid car for the 2016 model year, the automaker has announced.

Cadillac is lowering the price of the ELR by about $9,000 to a quoted price of $58,495 after federal tax credits, which would be significantly lower than the approximately $75,000 MSRP of the 2014 model.

The 2016 ELR will also get a 25 percent boost in torque and power, faster acceleration, higher top speed, re-tuned chassis and steering, more responsive brakes, and a new performance package.

The ELR will offer a driving range of 330 miles and will be powered by a 1.4L gasoline inline-four engine. The vehicle will deliver an estimated range of 39 miles in electric mode. The battery can be charged with a 120-volt or 240-volt charger.

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