Lucid Motors' All-Electric Air Priced Reasonably at $60,000
【Summary】Lucid Motors has priced its all-electric sedan, the Air, at a reasonable $60,000 before incentives. Once buyers apply all of the federal tax credits that are currently available for EV buyers, the price drops to $52,500.
Lucid Motors was one of numerous companies that essentially came out of thin air with plans to revolutionize the electric-vehicle segment with a new vehicle. The company changed its name from Atieva to Lucid Motors and got a former Tesla Model S engineer to build an all-new electric platform for the company. Last December, the company unveiled its first concept that had a claimed 1,000 horsepower. Understandably, reports claimed the car would cost in the neighborhood of $100,000 and sounded too good to be true.
Now, the company has started a new blog where it revealed the complete details on its upcoming electric vehicle.
A Real Tesla Competitor
The base version of the Lucid Air will make 400 horsepower and send its power to the rear wheels, indicating that the vehicle will most likely be powered by a single electric motor that will be located at the rear of the vehicle. The car will have a range of 240 miles, which puts it in line with the Tesla Model S 75 that has a range of 249 miles (in the rear-wheel drive layout).
In addition to having all of the necessary hardware to drive autonomously, the Air will have four screens with three having interactive-touch surfaces, 19-inch wheels, LED multi-lens headlights, and a 10-speaker audio system. The vehicle will also be able to receive software updates over the air. But the most important part of the vehicle is its price, which will start at $60,000 before incentives.
With a $60,000 price tag, the Air is cheaper than the Model S 60 – which has now been discontinued – that costs $71,300 before incentives, but much more expensive than the Model 3's expected price tag of $35,000 before incentives. After applying all of the federal tax credits that are available to drivers that purchase an electric vehicle, the price for the Air drops down to $52,500.
Options, Options, And More Options
Lucid Motors will also have numerous options available for the Air that will raise the electric car's horsepower and range. In a similar fashion to Tesla, the Air can come with battery packs that extend the car's range to 315 and 400 miles respectively. There will also be a 1,000-horsepower option thanks to a twin-electric motor configuration that will also feature all-wheel drive.
Other available options include fully active suspension, 22-way massaging seats, and a 29-speaker audio system. Lucid Motors didn't provide a clear breakdown of how much its options or more powerful cars would cost, but the company states that "a fully loaded Air will be above $10,000."
The company is also offering 255 units of the Launch Edition of the Air, which will be the first cars out of its new assembly plant in Arizona. The Launch Edition of the cars will have a range of 315 miles, 1,000 horsepower, 21-inch wheels, self-driving capabilities, unique exterior colors and badges, as well as executing seating in the back. The vehicles will be priced at over $100,000.
Interested buyers can put down a refundable $2,500 reservation for an Air, but the electric car is still a few years away with the vehicle set to ship in 2019. Still, it's good to see that the company is focusing on coming out with a well-priced competitor and not an insanely over-powered luxury machine.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
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