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Lucid chief government Peter Rawlinson has revealed that current worth cuts have boosted curiosity within the carmaker’s all-electric Air sedan and that the long-awaited Gravity SUV might be unveiled in November.

The corporate introduced a fleet of Airs to Monterey Automotive Week in California and was providing rides to shoppers, VIPs, and different attendees. Whereas talking with Yahoo Finance on the Pebble Seaside Concours d’Class, Peter Rawlinson acknowledged that inflationary pressures had compelled it to extend costs final yr however that it has since reverted again to its unique pricing construction.

“We hit some actually inflationary challenges significantly in batteries as we acquired into the summer season of ‘22. [So] we needed to take a worth motion accordingly,” Rawlinson stated. “However I’m delighted to say we’re again to our unique pricing construction, and that’s been so effectively acquired by prospects [and] the market alike.”

Learn: 2024 Lucid Gravity SUV Is Now Testing On Public American Roads

Rawlinson stated the cuts had led to a rise in gross sales and curiosity within the Air however famous particular gross sales figures wouldn’t be launched till its Q3 earnings name. Worth cuts launched by Lucid earlier this month noticed the beginning worth of the entry-level Pure slashed from $87,400 to $82,400 whereas costs for the Air Touring and Air Grand Touring have each been decreased by $12,400. Whereas the Air just isn’t eligible for the $7,500 federal EV tax credit score, customers can get a $7,500 credit score in the event that they lease the automobile.

Talking of the upcoming Lucid Gravity, Rawlinson revealed that the automobile producer is at present testing round 30 prototypes and that the dynamics of the SUV “are actually thrilling.” He added that will probably be revealed in November however it isn’t but recognized when prospects will take supply. Costs for the Gravity additionally stay a thriller however it should doubtless price over $100,000 and will have a variety exceeding 400 miles (644 km).