Lucid Air Prices Will Increase by $10K–$15K Starting in June

Startup automaker Lucid Motors has announced that it will be raising prices for its Air sedan, citing an increase in raw material costs and issues with the global supply chain. Lucid says that all current reservation holders will have the chance to order their Air EV at the price quoted when they reserved it. The pricing adjustments will take effect on June 1, and interested customers can still put down a reservation at the current pricing before the end of this month.

The entry-level Air Pure sees its price increase by $10,150 to $89,050, while stepping up to the Air Touring will cost you $109,050, up $12,550 from its original price. The biggest price hike is for the Air Grand Touring, which will now start at $155,650, a full $15,150 more than it was previously listed at. Interestingly, the Grand Touring Performance—the new range-topping model now that the Dream Edition is sold out—only slightly increases to $180,650 due to the $150 higher destination charge.

Lucid started production of the Air last fall and has delivered 360 vehicles so far in 2022. The company stays it has more than 30,000 reservations, and that its 2022 production is still on track for between 12,000 and 14,000 vehicles. Lucid had originally planned to build 20,000 Air sedans in 2022, but downgraded its outlook earlier this year.

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