Lucid reveals the price of its base Air sedan — $77,400 minus $7,500 US tax credit

Electric car company Lucid finally revealed the price of its least expensive vehicle: it will start at $77,400. U.S. buyers also qualify for a $7,500 tax credit, making the vehicle eventually cost $69,900.

This version of the Lucid Air comes rightfully less equipped than its more expensive counterparts. For $77,400 buyers get a 480 HP powertrain that Lucid says is good for 408 miles — though the EPA has yet to test it. A dual-motor, all-wheel-drive version is also available.

This model is critical to Lucid’s success. The company previously unveiled the specs and prices of the higher-priced Air sedans. This model is significantly less expensive than the others, allowing Lucid to reach more buyers while still offering competitive features.

Lucid Motors reveals its long-awaited Air electric sedan

Before today, the company would only commit to saying it would be less than $80,000.

Lucid Motors’ all-electric Air will start below $80,000

During a recent interview with TechCrunch, Lucid CEO Peter Rawlinson told TechCrunch editor Darrell Etherington that the Air would be available at a price “surprisingly lower than $80,000.”

The Lucid Air is launching into a market dominated by Tesla. And at this price, the Lucid Air is still outclassed by the Tesla Model S, which for a similar price, offers the same range from a dual-motor, all-wheel-drive affair.

Here’s every angle of the all-electric Lucid Air in pictures

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