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Lucid Motors’ electric car will cost $60,000

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That’s before any tax credits, too

Lucid Motors has revealed the pricing of the Lucid Air, the California company’s all-electric car that was unveiled in December. Lucid says it will charge $60,000 for a 400-horsepower, rear-wheel drive version of the sedan, which will have 240 miles of range. The company is currently taking (refundable) $2,500 reservation deposits, but the car isn’t scheduled to ship until 2019.

The base model Lucid Air will have “all hardware necessary for autonomous driving,” according to Lucid, but the company steers clear of saying whether it will cost more to activate the feature. It will also come with 19-inch wheels, power seats, a 10-speaker audio system, and three touchscreens.

That $60,000 price tag is before you apply the federal government’s or any of the states’ tax credits on plug-in electric vehicles, which would drop the price to $52,500 and below. But be warned: a recent piece in The New York Times explains how many of the state tax credits are under attack, and there’s reportedly concern about the federal credit as well. In other words, it’s hard to say for sure exactly what kind of deal you’ll be able to get on an EV in 2019.

Still, $60,000 is a competitive price relative to Tesla’s offerings, even if the Lucid Air doesn’t quite directly match up against the Model 3 or the Model S. The Model 3 is much cheaper at $35,000 before tax credits, and it comes with Tesla’s Autopilot feature. But the Model 3 will only have around 215 miles of range compared to the Lucid Air’s 240. The 60kWh version of the Model S — the cheapest version Tesla sells — costs closer to $70,000 before tax credits and has a range of 210 miles. (The Chevy Bolt starts at $37,495 and has a range of 238 miles.)

Lucid Motors says it will sell “a number of available options” (like 315- and 400-mile versions) above the base model of the Air, including the 1,000-horsepower behemoth it showed off at CES. That option will cost more than $100,000, though the company didn’t specify by how much.