Lucid unveils lower-cost electric luxury sedan Air

Manufacturer of luxury electric vehicles Lucid’s group on Tuesday unveiled several new versions of the Air sedan – including its cheapest model yet.

CEO Peter Rawlinson said in an interview with CNBC’s Phil LeBeau that the Lucid Air Pure will have a starting price of $87,400. An all-wheel drive version with a range of 410 km will ship later this year and a rear-wheel drive version will arrive in 2023.

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The company also announced Lucid Air Touring, with all-wheel drive, 620 horsepower and a range of 425 miles as estimated by the EPA. Lucid says the Touring is “its most efficient model,” able to travel about 4.6 miles per kilowatt-hour.

Lucid says the Touring version starts at $107,400 and deliveries will be made shortly.

Lucid also says the high-performance Air Sapphire, revealed in August, is currently in final tuning. Lucid now estimates that the Air Sapphire will accelerate from 0 to 60 mph in 1.89 seconds and have a top speed of 205 mph, making it the fastest sedan in the world.

The Air Sapphire starts at $249,000 and will begin production in the first half of next year.