Lucid Air joins the EV price wars, gets a discount on some trims
Lucid's credit will be available to customers from Thursday on. It applies to the Touring and Grand Touring models of the Air series purchased before March 31 this year.s are not eligible for a $7,500 federal tax credit under the Inflation Reduction Act passed in August last year, as it exceeds the benefit's $55,000 price cap. Air Touring retails from $107,400, while the Grand Touring model starts at $138,000.
"We think our customers still deserve a $7,500 credit for choosing an EV," said Zak Edson, Lucid's Vice President of Sales and Service. Lucid said in November that it had more than 34,000 orders in the third quarter, down by 3,000 from the second quarter, after it delivered about 1,400 vehicles and saw cancellations.
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