The Lucid Air, the longest-range electric vehicle in the U.S., suffers from dramatic depreciation, leading to significant losses for recent buyers in the used market.
Prices for one- and two-year-old Lucid Airs have plummeted, with some models selling for less than half of their original price—even with low mileage.
The 2023 Pure model was listed for just under $50,000, demonstrating a stark decrease from its original price, revealing troubling trends in EV resale value.
Depreciation is especially severe on higher-priced models; for instance, a 2022 Air Grand Touring sold at $68,500 after initially costing $155,000, reflecting substantial loss.
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