By Autogos Team
The Inflation Reduction Act has restored federal EV tax credits for qualifying cars.
Lucid Motors' Air sedan does not qualify for federal EV tax credits due to its high price tag.
Lucid Motors is offering a $7,500 internal credit for buyers of select Air variants.
The offer is available for Air Grand Touring and Touring models purchased before the end of March 2023.
Deliveries must be completed by April 30th, 2023 to be eligible for the credit.
The internal credit helps offset some of the Air's high price tag for buyers.
The credit cannot be combined with an existing $7,500 savings program for lessees.
Other automakers will need to adapt to changing regulations and demand for EVs.
The lack of federal tax credits for high-end EVs remains a challenge for manufacturers.
Lucid's internal credit offer is a welcome cushion for buyers looking to save money on their Air sedan purchase.