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Lucid slashes prices for its luxury EVs for the third time in seven months

Photo by Tim Stevens for The Verge

Lucid Motors announced it was slashing prices on most of its electric vehicles and would also provide up to $1,000 for customers to purchase charging equipment. It was the third price reduction announced by the company in just seven months and came as the company continues to struggle to generate demand amid a broader slowdown in EV sales growth across multiple markets.

Lucid said its base Air Pure model with rear-wheel drive would now start at $71,400, which includes a $1,500 destination fee. That’s down from Air Pure’s $78,900 price announced in October, which itself was down from the $83,900 price that was reported in August.

The Lucid Air Touring with all-wheel drive will now start at $79,400, while the Lucid Grand Touring, with a…

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