Lucid's first electric vehicle will start at $60,000

Hopeful Tesla competitor Lucid has revealed that its debut electric vehicle will carry a base price of just $60,000, or $52,500 after factoring in a $7,500 federal tax credit available to electric vehicle buyers.

Zak Edson, director of marketing at Lucid, said that after unveiling the Lucid Air sedan to the public in December, they realize that there are additional aspects of the company and the vehicle that could use further clarification.

The prototype they’ve shown publicly represents a well-optioned Air, a fact that has led to some confusion regarding the price range. Some, according to Edson, speculated that the car would start at over $100,000 but that simply isn’t accurate.

The base model is said to be well appointed and enjoyable to ride, offering up the following features:

240-mile range
400 horsepower (rear-wheel drive)
All hardware necessary for autonomous driving
Huge interior space in an efficient package
Two trunks, one in the front and one in the rear, with a combined storage capacity of over 32 cubic feet (similar to the volume of a 4-person hot tub)
12-way power front seats
LED multi-lens array headlights
Four screens, with interactive-touch surfaces on three
5-seat configuration with a rear bench seat
10 advanced airbags
Aluminum roof
19-inch wheels
10-speaker audio system
Over-the-air software updates

Lucid will also offer a number of optional trim packages with additional features including:

315-mile and 400-mile-range battery options
Up to 1,000-horsepower twin-motor configuration, with all-wheel drive
Fully active suspension, delivering a world-class ride
Glass-canopy roof
Rear executive seats that recline up to 55 degrees
22-way power front seats with heating, ventilation, dynamic bolsters, and massage
21-inch Lucid-design wheels
29-speaker audio system with active noise cancellation
Expanded leather trim with corresponding material upgrades

Edson said a fully loaded Lucid Air will indeed command well above $100,000 although they aren’t yet ready to provide specific pricing.