• The Air Dream Edition Performance carried a hefty $170,500 MSRP.
  • After 22,000 miles, the depreciation works out to nearly $5 per mile.
  • Despite that, the luxury EV still sprints to 60 mph in just 2.5 seconds.

Luxury EVs have developed a nasty reputation for losing value at a frightening rate over the past few years, especially in the upper end of the market. However, you may be surprised to learn just how much this Lucid Air has depreciated since it was delivered in March of 2022.

The Air you’re looking at is the Dream Edition Performance, which was introduced as the flagship iteration of the all-electric sedan. With the exception of the almighty Sapphire, it’s the highest-powered version of the Air that’s been sold, thumping out a ridiculous 1,111 hp and 1,025 lb-ft of torque.

Read: Lucid Owner Gets A $50,000 Lesson On Depreciation

A look at the window sticker reveals the original owner paid $170,500 for the car. Given the performance it offers, the sleek exterior styling, and the upmarket interior, that’s not an unreasonable amount of money. But, after being driven 22,000 miles (35,000 km) over the past four years, the car’s value has plummeted, recently selling for $67,067 in Cars & Bids.

A Six Figure EV Bargain

This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price

Cars & Bids

The result is a staggering $103,433 wiped off the price. Spread across the 22,000 miles it covered, that works out to just under $5 lost for every mile driven.

For a sense of scale, that drop would cover a substantial chunk of a home in some US states. Bankrate data puts the median house price at about $282,400 in Alabama, $255,300 in Arkansas, $285,600 in Illinois, $230,600 in Iowa, $301,000 in Pennsylvania, and $249,300 in Michigan, to name a few. In other words, the money lost on this one car equals well over a third of a typical home in those places.

While it’s hard not to feel bad for the original owner, it’s nice to see a car as good as the Air becoming more accessible. The listing reveals the performance sedan has been fastidiously maintained over the past four years, and has had several parts replaced and numerous recall campaigns completed.

This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price

Cars & Bids

Off the line, the Air Dream Edition Performance can hit 60 mph (96 km/h) in just 2.5 seconds and storm down the quarter-mile in 9.9 seconds. Thanks to the sizeable 118 kWh battery pack, it can also travel up to 451 miles on a charge when equipped with the 21-inch wheels like this one.

Then there’s the cabin. While the Air may often be compared to the Tesla Model S, its interior is more luxurious and better equipped. Key features include Nappa full-grain leather upholstery, heated and ventilated front massage seats, a 34-inch infotainment and gauge cluster display, and a 21-speaker sound system. This Air also includes the Santa Monica interior trim, combining dark blue and light cream-colored leather.

Bad news for the first owner, great news for the next one. So the question is, would you buy a used Lucid Air knowing just how quickly these things depreciate?

This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price
This 1,111-HP Lucid Air Lost More Than A Third Of A Typical Pennsylvania Home’s Price

Cars & Bids