Lucid Motors Unveils Pricing for Upcoming Gravity SUV

Lucid Motors has recently unveiled key details regarding the pricing and reservation process for its highly anticipated Gravity SUV, which is set to enter production later this year, signaling an exciting development in the electric vehicle (EV) market.

Pricing and Trims of the Lucid Gravity SUV

The Gravity will be available in two trims: the Touring and the Grand Touring. The Grand Touring model, priced at $94,900, will be the first to roll off the production line in late 2024. Meanwhile, the more affordable Gravity Touring model starts at $79,900 but won’t be available until late 2025.

Reservation Process and Customer Priority

Beginning on November 7th, Lucid will open order books for the Gravity. Existing Lucid customers will receive priority in the delivery process, offering an added incentive for early adopters of the brand. Interested buyers can design, configure, and place their orders directly on Lucid’s user-friendly website.

Delivery Information and Incentives

While Lucid has yet to announce specific details regarding delivery charges or potential incentives, it is notable that the company has previously applied a $7,500 discount on its Air sedan to offset the lack of eligibility for the federal EV tax credit. This credit typically applies to vehicles that fall under certain price thresholds, which Lucid’s vehicles exceed.

Market Dynamics and Price Adjustments

In recent years, Lucid has continuously adjusted prices on the Air to bolster demand amidst a broader slowdown in the EV market. Despite achieving record delivery numbers last quarter, the company has consistently relied on its major stakeholder, The Saudi Public Investment Fund, for additional financial support.

Performance Specifications of the Gravity SUV

Initially announced last year, the Gravity SUV is expected to deliver impressive performance metrics: up to 440 miles of range, an astonishing 800 horsepower, and an acceleration from 0 to 60 mph in less than 3.5 seconds. Additionally, it will be the first vehicle from Lucid equipped with a native NACS charging port, ensuring compatibility with Tesla's extensive Supercharger network.

Conclusion

With the introduction of the Gravity SUV, Lucid Motors is positioning itself as a key player in the growing EV market. As customers anticipate opening day for orders, the blend of luxury, performance, and technology in the Gravity aims to attract a diverse audience looking for a high-end electric vehicle experience.

For more information about Lucid Motors and their latest offerings, check out their official website.