After the price increase, the base version of the Lucid Air “Pure” is $87,400, an increase of exactly $10,000 from its previous price of $77,400. The “Touring” variant now costs $107,400 instead of the original $95,000. Finally, starting next month, the “Grand Touring” trim will be priced at $154,000, an increase of $15,000 from its previous price of $139,000. The only variant that can avoid the price increase is the “Performance” version of the Lucid Air Grand Touring, which is still priced at $179,000. Please note that this is the base price before deducting a potential $7,500 US federal tax and excludes taxes, titles, licenses, options and destination fees. Updated Canadian prices will be posted on the company’s Canadian website on 1 June.
The decision to raise the price of Lucid’s flagship electric vehicle comes weeks after Tesla’s recent price increase made lower-priced models ineligible for rebates in California. In response to growing demand from rising gasoline prices, Tesla raised prices for all EV models by up to $10,000 in March, which is the second time the company has raised prices for its entire lineup in less than a month. After all the price increases, the base Model 3 is now $46,990 excluding taxes. Electric car maker Rivian also announced price increases earlier this year, raising the price of the R1T pickup from $67,500 to $79,500 and the R1S SUV from $70,000 to $84,500. This price is still significantly lower than the price. obvious Air, which makes them relatively mainstream.
Source: Lucid Motors
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Lucid Air Price Increase: Here’s How Much The Luxury EV Will Cost Soon
Following the price hike, the base Lucid Air ‘Pure’ will cost $87,400, an increase of exactly $10,000 over its previous price of $77,400. The ‘Touring’ variant will now cost $107,400 instead of the $95,000 it was originally priced at. Finally, the ‘Grand Touring’ trim will be priced at $154,000 from next month – a hike of $15,000 over its previous $139,000 price-tag. The only variant to have escaped the price hike is the ‘Performance’ version of the Lucid Air Grand Touring, which will continue to be priced at $179,000. For reference, these are the base prices before the potential $7,500 U.S. federal tax credit, and excluding tax, title, license, options and destination fees. The updated pricing for Canada will be listed on the company’s Canadian website on June 1st.
Lucid’s decision to hike the price of its flagship EV comes within weeks of Tesla’s latest price hike that made its lower-priced models no longer eligible for rebates in California. Following increased demand due to the spike in gas prices, Tesla raised the prices of all its EV models by up to $10,000 in March, the second time the company had raised prices of its entire range within less than a month. Following all the price hikes, the base variant of the Model 3 now costs $46,990 before taxes. Fellow EV-maker Rivian also announced a price hike earlier this year, increasing the price of the R1T pickup from $67,500 to $79,500 and the R1S SUV from $70,000 to $84,500. These prices are still substantially lower than that of the Lucid Air, making them relatively more mainstream.
Source: Lucid Motors
#Lucid #Air #Price #Increase #Heres #Luxury #Cost
Lucid Air Price Increase: Here’s How Much The Luxury EV Will Cost Soon
Following the price hike, the base Lucid Air ‘Pure’ will cost $87,400, an increase of exactly $10,000 over its previous price of $77,400. The ‘Touring’ variant will now cost $107,400 instead of the $95,000 it was originally priced at. Finally, the ‘Grand Touring’ trim will be priced at $154,000 from next month – a hike of $15,000 over its previous $139,000 price-tag. The only variant to have escaped the price hike is the ‘Performance’ version of the Lucid Air Grand Touring, which will continue to be priced at $179,000. For reference, these are the base prices before the potential $7,500 U.S. federal tax credit, and excluding tax, title, license, options and destination fees. The updated pricing for Canada will be listed on the company’s Canadian website on June 1st.
Lucid’s decision to hike the price of its flagship EV comes within weeks of Tesla’s latest price hike that made its lower-priced models no longer eligible for rebates in California. Following increased demand due to the spike in gas prices, Tesla raised the prices of all its EV models by up to $10,000 in March, the second time the company had raised prices of its entire range within less than a month. Following all the price hikes, the base variant of the Model 3 now costs $46,990 before taxes. Fellow EV-maker Rivian also announced a price hike earlier this year, increasing the price of the R1T pickup from $67,500 to $79,500 and the R1S SUV from $70,000 to $84,500. These prices are still substantially lower than that of the Lucid Air, making them relatively more mainstream.
Source: Lucid Motors
#Lucid #Air #Price #Increase #Heres #Luxury #Cost
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