Car Detail Guys

Automotive News From Around the World
Menu
  • best car polish
  • best car wax
  • best scratch remover
  • car detailing
  • car detailing products
  • car scratch remover
  • News
  • Reviews
  • scratch doctor
  • swirl marks on car
  • Technology
  • Top Stories
  • Uncategorized

Lucid offers EV price cuts on some Air luxury sedans

Jeff Lincoln February 11, 2023

Lucid Air

Courtesy: Lucid Motors

Lucid Team said Thursday that potential buyers of sure versions of its dear Air electric luxury sedan will be suitable for a $7,500 “credit.”

But that credit score will be paid by Lucid, not the U.S. governing administration.

NHTSA investigating fatal Tesla crash in Southern CaliforniaRead more

Lucid said that shoppers who obtain Air Touring and Air Grand Touring versions in “specified configurations” before March 31 will be qualified for the $7,500 price reduction.

The novel twist on discounting follows rate cuts by EV rivals Tesla and Ford Motor. Both equally minimize price ranges to make much more of their EVs suitable for new federal tax credits, which are readily available on specific U.S.-developed electric autos less than $55,000 and electrical trucks and SUVs priced underneath $80,000. (Tesla marginally improved some of its charges final week immediately after the governing administration clarified the credit score guidelines.)

Analyst have expressed issues that an EV rate war could be brewing in the wake of the moves by Tesla and Ford.

The Lucid Air is created in Arizona, but at a beginning rate of $87,400 it can be significantly way too costly to qualify for the federal tax credits. The trims that Lucid is discounting are even pricier: The Air Touring commences at $107,400 the Air Grand Touring at $138,000.

“We consider our consumers nonetheless are worthy of a $7,500 credit for picking an EV,” mentioned Zak Edson, Lucid’s revenue main.

But Lucid’s legitimate enthusiasm could be extra about clearing out stock. As of Thursday morning, company’s website shown 15 Air Grand Tourings and seven Air Tourings accessible for rapid shipping.

Lucid will report its fourth-quarter and total-12 months final results just after the U.S. marketplaces shut on Feb. 22. The company’s stock is up far more than 68% so far this year, giving it a marketplace worth of about $19.38 billion.

Prev Article
Next Article

Related Articles

Best Lifted Suv
The Best Lifted SUVs for Off-Roading Enthusiasts As an off-roading …

Best Lifted Suv

Baidu shares debut in Hong Kong secondary listing
Robin Li Yanhong, co-founder and chief executive officer of Baidu …

Baidu shares debut in Hong Kong secondary listing

About The Author

Jeff Lincoln

Recent Posts

  • Audi Future Electric Cars
  • Audi Future Electric Cars
  • Audi Future Electric Cars
  • Audi Future Electric Cars
  • Audi Future Electric Cars

Car Detail Guys

Automotive News From Around the World
Copyright © 2023 Car Detail Guys
Theme by Fashion Lift Tape

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}