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Lucid Motors drops the price of its cheapest EV by more than $8,000

Lucid Motors is slashing the price of the Air Pure, Air Touring, and Air Grand Touring sedans in a bid to boost sales.

Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The more powerful Lucid Air Touring model — which offers all-wheel drive performance and roughly 50% more horsepower — will now start at $77,900, down from $85,900. The company recently started shipping the first few hundred Air sedans to its financial backer Saudi Arabia, which has promised to buy up to 100,000 of Lucid’s EVs over the next 10 years.

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