The Lucid Air is ambitiously priced at $52,500 after tax credit

The

Lucid Air

, a new luxury EV from

Lucid Motors

, now has a price. The base model will start at $60,000, which becomes $52,500 after applying the $7,500 government tax credit. This aggressive pricing undercuts its closest competitor, the entry-level

Tesla Model S 60

, which starts at $68,000 before the tax credit.

That price won’t get you

the 1,000-horsepower car that the company has been proudly showing

, but the company claims that the base model Air will have 400 horsepower with 240 miles of range. The company also says that the base Air comes with the hardware necessary for autonomous driving, 32 cu. ft of cargo space from two trunks, 12-way power seats, a 10 speaker sound system, LED headlights and lots of touch screens. For comparison, the Model S 60 makes 382 hp and gets a claimed 219 miles of range.

It is possible to spend much more on a Lucid Air if you’d like. The company will offer optional batteries and motors with ranges of 315 miles and 400 miles. In addition, you’ll be able to add a dual-motor powertrain capable of around 1,000 horsepower, a glass roof, reclining rear seats, a 29-speaker sound system, and 22-way power front seats with heating, cooling, active bolsters and massage. Lucid says that opting for all of these items will send the price to over $100,000.

The first 255 models will have many, if not all, of these features. These will be the Launch Edition models and will include the 1,000-horsepower powertrain, a 315-mile range, and unique colors and badging. We’ve previously heard that

the Launch Editions will cost around $165,000

, which could buy you two base model Airs with plenty of cash to spare.

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