For 2016 the Cadillac ELR plug-in hybrid coupe receives a number of comprehensive updates to increase appeal and performance. Best of all it becomes more affordable than before.

Having skipped the 2015 model year the 2016 Cadillac ELR which shares its technology and powertrain with the first-generation Chevrolet Volt gets a price cut of over $9,000 from $75,000 to $65,995.

There are various design updates inside and out as well as improvements in performance of acceleration and power of up to 25 percent, enhanced handling, and a longer EV range for base models.

While the 2016 Cadillac ELR didn’t inherit the all-new drive system of the 2016 Chevrolet Volt, powertrain management software tweaks bring about a 0-60 mph acceleration time 1.5 seconds quicker now down to 6.4 seconds.

Suspension gets a new calibration too with firmer spring and damping rates, as well as stiffer bushings all of which offer up better response without less ride quality Cadillac says.

Those looking for a more sporting drive experience will appreciate the new Performance Package for 2016 which includes larger 20-inch alloy wheels with performance summer tires.

There’s larger brakes too, 13.6-inch Brembo front and 12.4-inch rear discs which Cadillac says decreases stopping distance by 12 percent. The Continuous Damping Control suspension and electric power steering also get a unique sport tune with the package.

The 2016 Cadillac ELR will be available later this year with its new lower pricing, likely after the 2014 models are gone.