Lucid - Price history

Lucid – A New Chapter in Luxury Electric Mobility

Lucid Motors positions itself firmly in the high‑end luxury segment of the global automotive market. Its all‑electric vehicles combine aggressive performance, cutting‑edge technology, and unparalleled range, offering an alternative to established premium brands while pushing the boundaries of EV engineering.

• Brand History & Reputation
  • Founded in 2007 by Peter Rawlinson and Jayne Van Gere, Lucid initially focused on electric bus and truck prototypes before transitioning to luxury passenger cars.
  • Since launching the Lucid Air in 2021, the company has earned a reputation for high‑quality interiors, expansive cabin space, and battery efficiency that sets new industry standards.
• Flagship Models
  • • Lucid Air Series 1 (Sunset) – The entry‑level model with a 26–hr EPA range.
  • • Lucid Air Touring – Offers a 26–hr range with a more sporty layout.
  • • Lucid Air Dream Edition – Features a 520‑mile range and 0‑60 in 2.5 s.
  • • Lucid Air Pure – A compressed‑spectrum option that balances performance and efficiency.
  • • Upcoming Lucid Air Legend (concept) – Announced as a future ultra‑luxury variant.
• General Depreciation Insights
  • Luxury electric cars typically experience a slower initial depreciation curve compared to internal combustion counterparts, largely due to their high upfront value and battery longevity.
  • Early adopters of Lucid vehicles can expect a lucid depreciation pattern of roughly 15‑25 % in the first year, tapering to 45‑55 % over five years, which is competitive within the premium EV market.
  • Battery warranties often extend 10 years or 150,000 mi, adding to long‑term confidence for resale and reducing cost of ownership.
• Market Demand & Resale Value Trends
  • Pre‑orders for the Lucid Air exceeded 300,000 units in 2021, driving significant interest among affluent buyers and ESG‑focused fleets.
  • Current resale values show a modest decline compared to initial purchase prices, but remain strong relative to other luxury brands, indicating a favorable Lucid market value.
  • Secondary‑market demand is buoyed by improved body‑in‑white costs and expanding network of charging infrastructure.
• Regional Popularity
  • The United States remains the primary market, with dealership footprints in over 70 cities across the country.
  • Towards the end of 2023, Lucid opened its first Canadian showroom in

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    2023

    Air (2023)