With 406 miles of range and a post-subsidy price of $69,900, it’s game on.
Lucid Motors today has announced the most affordable version of the Air sedan (simply called Lucid Air) will have a starting MSRP of $77,400. That means a base Air with 406 miles of range and 480 HP can be had for $69,900 after deducting the $7,500 federal tax credit. We should note that the Lucid Air has not yet been certified as tax-credit eligible by the IRS, but that should be a simple formality.
Just in case anyone failed to notice, just yesterday, Tesla announced a $3,000 price reduction for the Model S Long Range Plus, taking its starting MSRP down to $71,990. Since Tesla’s vehicles no longer qualify for the Federal Tax Credit, the Lucid Air will cost $2,000 less than the base Model S Long Range Plus. Even though the base Lucid Air won’t be available until sometime in 2022, we find the timing of Tesla’s price reduction curious, to say the least.
The Lucid Air sedan will really be the first EV to be a direct competitor with the Tesla Model S, and beats it’s Tesla counterpart in many regards. The Air has more interior passenger and cargo space, and the interior is more luxuriously appointed than any Tesla vehicle is.
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