Cadillac is ditching its premium luxury hybrid — the ELR coupe.

The $58,000 car has had an unceremonious run as Cadillac’s feisty plug-in. It pulled onto dealer lots in 2013 with a much higher price tag — close to $76,000 back then — but it never caught on with buyers.

Cadillac’s president, Johan de Nysschen, was cited in Automotive News, saying “we don’t plan further investment” in the ELR. That means the car likely won’t be back for a second generation after the current one ends sometime around 2018.

The coupe is based on the first-generation Chevy Volt. The Volt has been read more >>>

Source : BusinessInsider.Com