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Lucid Motors drops the price of its cheapest EV by more than $8,000 (www.yahoo.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Lucid Motors drops the price of its cheapest EV by more than $8,000::Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The rear-wheel drive version of the base model Lucid Air Pure will now start a $69,900, down from the previous price of $77,400. The more powerful Lucid Air Touring model -- which offers all-wheel drive performance and roughly 50% more horsepower -- will now start at $77,900, down from $85,900.

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[–] [email protected] 4 points 9 months ago (1 children)

I don’t think that’s a fair comparison. If companies could get away with making a car as unsafe as the model T, you’d probably see quite a few $10k cars on the road. But as it stands today, most cars are required by law to have all sorts of safety features built in.

As our standard of living and safety goes up, so does the price of goods because more is required to go into R&D and manufacturing.

[–] [email protected] 2 points 9 months ago

If companies could get away with making a car as unsafe as the model T

That's why I claimed there are no productivity gains if those safety features can't be added at a lower cost than 100 years ago.

According to the Bureau of Labor and stastics, productivity has increased almost 500% since 1950. That means it should be possible to make a Model T today for less than $2,000. That leave $9,000 for safety improvements.