Cadillac's first-ever plug-in car will be in showrooms within three months.

The 2014 Cadillac ELR compact luxury coupe will go on sale in January, GM's high-end brand says.

The ELR will carry a base price of $75,995, including destination. It will be eligible for a $7,500 Federal tax credit and a variety of state and local incentives.

For perspective, that makes it more than twice as expensive as the 2014 Chevrolet Volt, which recently received a $5,000 price cut to $34,995.

The ELR packs a modified version of the Volt's extended-range electric powertrain in a far more upscale and luxurious coupe body.

Powering the ELR is a 1.4-liter range-extending gasoline engine, an electric motor, and a T-shaped 16.5-kilowatt-hour lithium-ion battery pack.

Total powertrain output is 207 horsepower and 295 pound-feet of torque, making the ELR a little more powerful than the 149-hp Volt.

The Cadillac will also feature "Regen on Demand" variable brake regeneration, controlled by paddle shifters, and four driving modes: Tour, Sport, Mountain, and Hold--which allows drivers prioritize gasoline or electric power.

Cadillac says the ELR's electric-only range will be around 35 miles; total driving range will be "in excess of 300 miles."

A full charge from a 240-Volt Level 2 source will take roughly 4.5 hours, according to Cadillac.

The ELR's level of equipment will also separate it from the Volt.

Naturally, the ELR will be offered with Cadillac's CUE infotainment system and its 8-inch capacitive touchscreen. Lane Departure Warning, Forward Collision Alert, and the pulsing Safety Alert Seat will also be on the equipment list.

ELR production begins in December, and car shoppers will start to see Cadillac's newest and smallest model in showrooms during January.

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