Electric car maker Lucid raises prices of most models by up to 13% – The National

Electric car maker Lucid raises prices of most models by up to 13% – The National

Electric car maker Lucid Motors is raising the price of most of its models from June due to rising raw materials costs and global supply chain problems.

The company, backed by Saudi Arabia's Public Investment Fund, will honour existing reservations and hold prices at current levels for any new bookings made by May 31, 2022.

Lucid's chief executive and chief technology officer Peter Rawlinson said the world had “changed dramatically from the time we first announced Lucid Air pricing in September 2020”.