Lucid's New Year Surprise: Up To $10,000 In Air Credits

Lucid Group Inc. LCID said it is providing up to $10,000 in Air credits for its 2023 Air models. This exclusive offer is available solely in the U.S. market and will be valid until January 31st.

What Happened: According to a report by TeslaratiLucid is offering up to $10,000 in credits for its 2023 Air models. The credits can be applied to cash payments or loans, given that the vehicle is delivered to the customer within 7 days of its readiness.

The automaker is providing up to $7,500 credits for the 2023 Air Pure and Air Touring trims, while credits reach $10,000 for the 2023 Air Grand Touring trim.

Lucid is also offering a $300 discount on its advanced 80 Amp Connected Home charger to any customer who takes delivery of a new Lucid Air this January.

See Also: Tesla CEO Elon Musk Mocks Ford’s Repossession Tech That Turns Off Air Conditioning

The Lucid Connected Home Charging Station, which comes with a 24-foot cable for both indoor and outdoor charging, also supports over-the-air updates via Wi-Fi and is prepared for bi-directional charging.

In 2023, Lucid manufactured 8,428 vehicles and delivered 6,001 units. An upgrade to its Air lineup was also announced in the fourth quarter of 2023.

The base-level Air Pure is priced at $77,400, the Touring at $85,900 with new Standard Equipment. The price of the updated 2024 Grand Touring, however, has not been announced by Lucid yet.

Why It Matters: The generous credits offer comes on the back of Lucid’s delivering 1,734 vehicles in the fourth quarter of 2023, and the announcement of plans to launch a competitively priced mid-sized EV.

The latter, expected to be priced around $50,000, has been hinted at being launched earlier than previously anticipated by Lucid CEO Peter Rawlinson and is expected to rival Tesla's popular, lower-end cars. These moves signal Lucid’s aggressive strategy to expand its market presence and reach a wider customer base.

Read Next: Top 10 Bestselling Electric Vehicles In U.S. 2023: Where Do Tesla, Ford, General Motors Rank?

Image via Shutterstock


Engineered by Benzinga Neuro, Edited by Ramakrishnan M


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsTop StoriesTechelectric vehiclesEVsLucid Airmobility
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!