Luxury EV Depreciation: Lucid Air vs. Tesla Model S Plaid

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Luxury EV Depreciation
Luxury EV Depreciation

Elon Musk might find amusement in the recent auction mishap involving the 2022 Lucid Air Dream Edition Range model. This luxury EV, boasting just 1,400 miles on its dual AC permanent-magnet synchronous electric motors, was originally priced at $170,500 with options.

Despite its performance capabilities and premium features, it failed to attract bids beyond $83,512 before the listing was pulled. This depreciation underscores the inflated prices of EVs, prompting questions about their value compared to alternatives like the Tesla Model S Plaid.

Luxury EV Depreciation
Luxury EV Depreciation (Credit: Bring a Trailer)

Similar considerations apply to the Porsche Taycan, priced from $99,000 but reaching over $200k for flagship specs. While the Taycan may fare better in terms of depreciation, the disparity in pricing raises eyebrows.

Examining its specifications, the Dream Edition Range variant boasts an Eureka Gold Metallic finish, 21” Aero Dream alloy wheels, and a plush Santa Monica interior scheme with Graphite Grey and Ceramic Nappa leather upholstery.

Performance-wise, its dual motor setup and 118-kWh battery deliver 993 horsepower and 1,025 lb-ft of torque, propelling it from 0 to 60 mph in 2.7 seconds. However, maintaining range requires careful acceleration, highlighting the trade-offs in EV performance. The market’s response to the Lucid Air auction reflects broader concerns about EV pricing and depreciation, inviting scrutiny of the value proposition offered by luxury electric vehicles.

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