Lucid slashes EV prices by 11% in Saudi Arabia

29/08/2023 Argaam Special

Lucid slashes EV prices by 11% in Saudi Arabia

A Lucid car

Lucid Motors, partially owned by the Public Investment Fund (PIF), has reduced the prices of its electric vehicles (EVs) by 9-11%, in all of its markets, including Saudi Arabia, the company's spokesman told Argaam.

 

The cut in EV sale prices came following changes to EV prices globally, the spokesman said, indicating that Lucid's EV prices currently range between SAR 418,000 and SAR 878,000.

 

In a previous interview with Argaam, the EV maker said that the price of the Lucid original model EV starts at SAR 440,000 (VAT inclusive) and up to SAR 960,000 for the luxury ultra-performance Dream Edition.

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