Dealers' #1 source for auto industry news, content, coaching & analysis

Certain models of Lucid’s Air luxury vehicle will qualify for a $7,500 ‘credit’

The move follows discounts by EV rivals Tesla and Ford.

Lucid announced that owners of certain Air electric luxury sedans will be entitled to a $7,500 credit. However, Lucid will be responsible for paying the credit, not the government. 

Before March 31st, owners of “certain configurations” of the Air Touring and Air Grand Touring models are qualified for the $7,500 discount.

The unique approach to discounting comes in the wake of price decreases by EV rivals Ford and Tesla. Both companies reduced their costs to make more of their EVs eligible for new federal tax credits, which are offered on certain U.S.-built electric vehicles priced under $55,000 as well as electric trucks and SUVs priced under $80,000.

Although it is made in Arizona, the Lucid Air is far too expensive to be eligible for federal tax credits, with a starting price of $87,400. The trims that Lucid is offering at a discount cost even more. The Air Grand Touring costs $138,000, with the Air Touring starting at $107,400.

Zak Edson, the head of sales for Lucid, asserted that “we think our consumers still deserve a $7,500 credit for choosing an EV.”

However, it’s possible that cleaning away inventory is Lucid’s real driving force. 15 Air Grand Tourings and seven Air Tourings were listed as being available for immediate delivery on the company website as of the morning of Feb. 8.

After the U.S. markets close on February 22, Lucid will release its results for the fourth quarter and the entire year. The company now has a market worth of roughly $19.38 billion after its shares have increased by more than 68% so far this year.

Did you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

Related Articles

Manufacturers In This Article

More Manufacturer News

Latest Articles

From our Publishing Partners