Lucid Motors offers $7,500 credit for Air sedan due to lack of federal EV tax credits.

By Autogos Team

The Inflation Reduction Act has restored federal EV tax credits for qualifying cars.

Inflation Reduction

Lucid Motors' Air sedan does not qualify for federal EV tax credits due to its high price tag.

Lucid Air

Lucid Motors is offering a $7,500 internal credit for buyers of select Air variants.

Limited-Time Credit

The offer is available for Air Grand Touring and Touring models purchased before the end of March 2023.

Eligible Models

Deliveries must be completed by April 30th, 2023 to be eligible for the credit.

March 2023 Deadline

The internal credit helps offset some of the Air's high price tag for buyers.

Cost Offset

The credit cannot be combined with an existing $7,500 savings program for lessees.

Federal Tax Credits

Other automakers will need to adapt to changing regulations and demand for EVs.

High Price Tag

The lack of federal tax credits for high-end EVs remains a challenge for manufacturers.

Lessees Excluded

Lucid's internal credit offer is a welcome cushion for buyers looking to save money on their Air sedan purchase.

EV Industry Adaptation