By Kelley Blue Book: Lucid Air EVs just went up in price by five figures
Electric automaker Lucid
LCID,
-4.57%
has already mounted a challenge to Tesla
TSLA,
-6.42%
with its opulence and startling range. Now, it’s copying Tesla’s habit of big mid-stream price increases.
The company’s Lucid Air luxury sedan has the longest EPA-certified range, at up to 520 miles between charges. The car has real presence, with a low, wide look that at once seems tailored yet huge.
Like the Tesla Model S, it promises to do almost everything. The most high-performance version leaps from 0-60 mph in just 2.5 seconds. Its spacious cabin suggests the kind of luxury buyers expect from flagship sedans like the BMW 7 Series or Audi A8. A high-tech driver-assist system with 32 cameras doesn’t quite make the car autonomous, but the potential is obvious.
The Model S is famous for all the same things. But it’s also known for its rapid price jumps. Its entry price went from $69,420 in October 2020 to $104,490 by the start of 2022.
Lucid may steal that trick, too. The company announced a round of five-figure price increases recently.
The new prices:
Lucid also charges a $1,500 destination fee for all its cars.
Model
MSRP
Increase
Air Pure
$87,400
$10,000
Air Touring
$107,400
$12,400
Air Grand Touring
$154,000
$15,000
Air Grand Touring Performance
$179,000
none
Customers who have already placed a reservation will not be affected by the increases.
Read next: Does driving an electric car really save you money? A cheapskate runs the numbers
The company plans to reveal its second vehicle, the Gravity SUV, later this year.
This story originally ran on KBB.com.
