The impressive range of the Lucid has helped it establish a solid reputation in the EV industry.

But its reputation for affordability isn't exactly stellar.

Although the Lucid Air's maximum range is 520 miles, that figure only applies to the most costly Dream Edition trim, which starts at $169,000.

The Gravity premium SUV, Lucid's second EV, is anticipated to cost around $100,000 as well.

But Lucid won't just make costly EVs.

 Peter Rawlinson, the CEO of the company, stated that it hopes to make electric automobiles more accessible.

Lucid wants to pit the Model 3 and Model Y against one another. Price?

That would cost between $48,000 and $50,000.