Excessive inflation could also be dragging on but it surely’s by no means been cheaper to purchase a Lucid Air electrical sedan.

Lucid on Thursday slashed the beginning value of the 2024 Air Pure entry-level grade to $71,400, together with a $1,500 vacation spot cost.

That is $7,500 decrease than the worth simply two months in the past, when the 2024 Air was introduced. It means the Air now undercuts pricing of the Tesla Mannequin S, which begins at $76,380, although the Tesla comes commonplace with all-wheel drive whereas the Lucid comes commonplace with rear-wheel drive.

Regardless of being an entry-level grade, the Air Pure comes generously outfitted, with options like a 34.0-inch curved show, a heated steering wheel, entrance and rear heated seats, Apple CarPlay, and LED headlights all commonplace. Additionally commonplace is Lucid’s DreamDrive suite of driver-assist options that features capabilities reminiscent of traffic-sign recognition, a driver-attention monitor, adaptive cruise management, lively lane management, site visitors jam help, and computerized parking (parallel and perpendicular).

2024 Lucid Air

Patrons wanting so as to add all-wheel drive might want to improve to the Air Touring grade, which begins at $79,400, together with vacation spot. That is nonetheless cheaper than the beforehand accessible Air Pure with all-wheel drive, which used to price greater than $90,000.

The Air Pure comes with a rear-mounted electrical motor good for 430 hp. Its vary is rated at 410 miles. The Air Touring with its dual-motor all-wheel-drive system ups output to 620 hp whereas the vary ranking is available in at 411 miles.

Additional up is the Air Grand Touring with 819 hp from a typical dual-motor all-wheel-drive system and a spread of greater than 500 miles. Its pricing begins at $111,400, together with vacation spot.

Lucid Air Sapphire

The wild Air Sapphire with a tri-motor all-wheel-drive system continues to be accessible. It is rated at 1,234 hp and 427 miles of vary, and is priced at simply over $250,000.

Beginning with the 2024 mannequin yr, Lucid is providing 24,000 miles of complimentary scheduled upkeep. It’s dropped the 2 years of free Electrify America road-trip charging and is now as an alternative providing a $1,000 allowance towards a Lucid-supplied charging accent of the shopper’s selecting.

The brand new pricing ought to assist increase gross sales of a mannequin that has did not ignite the market. Regardless of constructive opinions for the Air, Lucid constructed simply 8,428 examples in 2023 and delivered solely 6,001 to clients. Lucid must also get a gross sales increase with the arrival of the Gravity SUV late this yr. The three-row midsize SUV will supply greater than 440 miles of vary in some grades, and begin someplace beneath $80,000.