Lucid Air Prices Will Increase by $10K–$15K Starting in June
Lucid Motors, a startup manufacturer, has announced that it will raise the price of its Air sedan due to rising raw material costs and worldwide supply chain challenges. According to Lucid, all current reservation holders will be able to order their Air EV at the same price as when they booked it. The new cost will go into effect on June 1, although interested consumers may still make a reservation at the current rate until the end of the month.
- Lucid Motors announced that it will be increasing prices for its first car, the Air, due to a bump in raw material costs and global supply chain issues.
- The base Pure model will cost about $10,000 more, now starting at $89,050, while the Grand Touring goes up by over $15,000 to $155,650.
- Reservation holders can order their Air at the original prices, and new reservations at the original prices can still be made before the new prices go into effect on June 1.
The entry-level Air Pure now costs $89,050, up $10,150 from its previous price, while the Air Touring costs $109,050, up $12,550 from its previous pricing. The most significant price increase is for the Air Grand Touring, which will now start at $155,650, a full $15,150 more than before. Due to the $150 higher destination fee, the Grand Touring Performance—the new range-topping model now that the Dream Edition is sold out—only marginally raises to $180,650.
Lucid began manufacture of the Air last fall and has already delivered 360 units in 2022. The corporation maintains that it has over 30,000 reservations and that production for 2022 would be between 12,000 and 14,000 vehicles. Lucid had expected to produce 20,000 Air sedans in 2022, but had revised its forecast earlier this year.
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