Lucid's CEO Peter Rawlinson confirmed that the company will begin building a midsize SUV in 2026. The EV will start at 'around $48,000.'
The EV maker revealed earlier this week that its third model will be a midsize SUV that arrives in 2026,News of the company’s third model comes from as reliable of a source as you’ll find for Lucid information: CEO Peter Rawlinson. During the company’s first-quarter investor call on Monday, the executive confirmed that the marque plans to begin building a midsize SUV in Saudi Arabia in 2026. He also referred to the EV as a high-volume model and said that it would start “around $48,000.
The biggest key to its third model’s success might be its price tag. The $48,000 starting cost mentioned by Rawlinson is significantly lower than any of the marque’s other vehicles. The entry Air Pure, which has 430 hp and a 410-mile range starts at $69,900, but the range-topping Sapphire, which has over 1,200 hp and a 516-mile range, costs $249,000. The Gravity, which will launch later this year, is expected to be priced under $80,000.
If Lucid can stick to that price—which Tesla showed with the Cybertruck is easier said than done—it really might finally have a high-volume model on its hands.Bryan Hood is a digital staff writer at Robb Report.
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