LUCID MOTORS

Lucid Motors is releasing a “more attainable” version of its recently revealed luxury electric sedan, the Lucid Air.

At an unveiling event in September, Lucid said the base model would start at “around $80,000” — without revealing the actual price. Now the company says it has settled on a base model price of $77,400 — or $69,900 after applying the US federal tax credit of $7,500.

This version of the Lucid Air will have less horsepower than higher trim levels: 480 hp versus over 1,000 hp for the top-spec Dream Edition version. It will also have less range: 406 miles (EPA projected) as compared to 517 miles for the Dream Edition. And it is available for reservation with a refundable fee of $300. (In September, Lucid said reservations for the base model were initially $1,000.) - Link