You Can Now Place A $1,000 Deposit For Lucid’s All-Electric Air

Lucid Motors has started taking $1,000 deposits for the long-awaited all-electric Air before production kicks off late next year.

The electric carmaker first started accepting $2,500 deposits for the Air back in 2017. An email recently sent out to potential customers revealed that the deposit has been reduced to a fully-refundable $1,000. Those who did place a $2,500 deposit can request to have $1,500 refunded if they choose. These customers will retain their place at the front of the line.

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“We have also streamlined our reservation process: Simplifying the reservation form, adding new payment options, and updating the reservation price to $1,000,” the email reads. “As a reservation holder, you will have the opportunity to be among the first to own a Lucid Air. You can also expect invitations to special events with exclusive opportunities to experience the car. Your $1,000 reservation payment will be applied to the purchase price of your Lucid Air and is fully refundable.”

Last week, Lucid revealed a beta engineering prototype of the Air, claiming that it is 95 per cent production-representative. The prototype was built at the company’s headquarters in Silicon Valley as opposed to the factory Lucid is currently building in Casa Grande, Arizona. In total, Lucid has built 80 aluminum body structures at its HQ.

Lucid’s electric vehicle plans were boosted after Saudi Arabia’s sovereign wealth fund agreed to invest $1 billion into the company.