Lucid attempts to stay up with competitors by offering a $7,500 ‘EV credit.’

The $7,500 federal tax credit is available under the Inflation Reduction Act for electric automobiles, sedans, and waggons priced under $55,000. SUVs qualify if the sticker price is less than $80,000. All Lucid Air models surpass such boundaries, with the entry-level Pure model starting at $87,400. Yet, such model is ineligible for Lucid’s alleged credit.