When Lucid Motors announced its all-electric luxury sedan called ‘Air’, it was presented as a serious competitor to Tesla’s Model S, but we expected to be priced higher than Tesla’s flagship vehicle. It starts at $68,000 for a Model S 60 with 218 miles of EPA-rated range.

The startup is announcing today a more aggressive pricing structure than anticipated. The base version of the Air will start at $60,000 in the US before EV incentive for an estimated 240 miles of range. expand full story