Electric vehicle maker Lucid cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the U.S. EV industry and a price war sparked by Tesla .
Lucid reduced the price of the Air Pure by $5,000 to $82,400 from $87,400, and cut prices of the more powerful Touring and Grand Touring versions by $12,400 to $95,000 and $125,600, adding that the offer would be valid as long as supplies last.
Tesla's Model S and its performance version Model S Plaid - direct competitors with the Air - are priced at $88,490 and $108,490 down from $104,990 and $135,990 at the beginning of the year. But rising interest rates to curb inflation and fears of recession have dampened consumer demand, prompting market leader Tesla to slash prices this year.for money-losing startups such as Lucid, which also face competition from traditional automakers launching electric models, to grab market share.
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Operation Backpack...AIR QUALITY ADVISORY IN EFFECT FROM MIDNIGHT TONIGHT TO MIDNIGHT EDT\nFRIDAY NIGHT...\nAn Air Quality Advisory for fine particulates has been issued by the\nNortheast Ohio Areawide Coordinating Agency for Ashtabula, Cuyahoga,\nGeauga, Lake, Lorain, Medina, Portage and Summit Counties. The\nadvisory is from midnight tonight to midnight EDT Friday night.\nAir quality levels will be unhealthy for sensitive groups during\nthis period. If you are in the sensitive groups category of\nchildren, the elderly and those with breathing difficulties, please\nmonitor your outdoor activity and check air quality readings at\nairnow.gov. Additionally, sign-up at enviroflash.info for text\nalerts regarding air quality.\nTo help our region reduce air pollution:\n*Drive less: bike, walk, use transit, work from home, combine trips\n*Visit gohiocommute.com/noaca - Find a smarter way to travel!\n*Don`t idle - Turn off your engine\n*Refill your tank after sunset\n*Wait to mow the lawn\n&&\nThe Northeast Ohio Areawide Coordinating Agency (NOACA), in\npartnership with the Ohio Environmental Protection Agency (Ohio\nEPA), the Cleveland Division of Air Quality, the Akron Regional Air\nQuality Management District, the Akron Metropolitan Area\nTransportation Study, the Lake County General Health District, and\nOhio University, has forecasted this Advisory based on predicted\nweather patterns. Learn more at www.noaca.org.
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