Poll: Lucid Air Touring/Pure Reservation Holders, if the new EV tax bill passes, would you reconsider your reservation?

[invalidname]

Based on the current EV tax incentive, all Lucid Air trims qualifies for a $7,500 tax credit (until 200,000 vehicles sold.) However, if the new EV tax bill passes as is, all Lucid Airs would NOT qualify for any tax credit. Most Lucid Air Touring/Pure reservation holders are likely more heavily impacted by this.

A question for ONLY Lucid Air Touring/Pure reservation holders: if this new EV tax bill passes, would you cancel or reconsider your reservation?

 

[nck]

I would keep mine. I got in before the price increase so I'm already saving 10K on the Pure. It would be nice if the 7.5K tax credit is still around but not a deal breaker.

 

[level]

I'm keeping mine nonetheless

 

[Codyroo]

I would keep mine. I got in before the price increase so I'm already saving 10K on the Pure. It would be nice if the 7.5K tax credit is still around but not a deal breaker.

Agreed.

 

[Steveinarizona]

I am keeping mine. My only caveat is that Lucid needs to finish cleaning up its software.

 

[Sandvinsd]

I am keeping mine. My only caveat is that Lucid needs to finish cleaning up its software.

End of year for a MAJOR update, per the conference call.

 

[rbbarry]

CarPlay in beta, so maybe Reddit was right.

 

[daydreamer223]

I care more about them addressing some of the more concerning issues members here have posted, such as the car dying and requiring a tow, or the screens going black.

 

[HariK]

Since they shipped just 1400, the complaints are not so public. Also, I wonder if it is a chicken or egg situation. Do they need more real time data from cars to improve the software but for that they need to ship more cars. In any case, lack of transparency and lowering the 22 target from 20k to 12k to 6k does not really inspire any confidence in the execution. Now we know that officially they shut down production for 2.5 weeks due to component shortage.

 

[svoelpel]

If the new bill passes and I don't get delivery of my Pure by year end, I will cancel my reservation.

 

[HariK]

Interesting. Now there are 37k reservations. If all Lucid ships in 2022 is 6k, will they ramp up to 18k in 23 and 36k in 2024? Even then some who reserved Air Pure before the price went up will have to wait till 2024 at such a rapid ramp up. I have no doubt that we will see more cancellations if there are any more surprises in Q3 earnings report to come in Nov and even more cancellations if Fisker can really ramp up to 100k units by the end of 2023. If Air Pure delivery backlog runs into 2024, there is Hyundai Ioniq 6 sedan. If gravity runs into 2025, there is a Hyundai ioniq 7 SUV and so on....

 

[joec]

Interesting. Now there are 37k reservations. If all Lucid ships in 2022 is 6k, will they ramp up to 18k in 23 and 36k in 2024? Even then some who reserved Air Pure before the price went up will have to wait till 2024 at such a rapid ramp up. I have no doubt that we will see more cancellations if there are any more surprises in Q3 earnings report to come in Nov and even more cancellations if Fisker can really ramp up to 100k units by the end of 2023. If Air Pure delivery backlog runs into 2024, there is Hyundai Ioniq 6 sedan. If gravity runs into 2025, there is a Hyundai ioniq 7 SUV and so on....

Assuming all these other manufacturers don't run into backlogs themselves, true. At some point, Lucid does have to get cranking on the deliveries. I was hoping it would have happened by July. Now it looks like by Q4.

Once there are more Airs on the road, reservations should start picking up, though. As long as they pick up two or three new customers for every one that cancels, they might be okay. The government contracts with Saudi Arabia should also help. Maybe they can get a few more countries to commit to large orders? The Air does make for one heck of a diplomat's car.

 

[Steveinarizona]

Seeing all these folks saying they will cancel means that I will probably get mine sooner. Since I reserved some time back, I am already getting a discount that exceeds the federal credit.
1

 

[eherlihy1]

I have a Pure reservation and I will reconsider the reservation IF the bill makes me lose the $7500 tax credit. There is a long way to go between now and the bill passing, so I will wait patiently to see what happens as I hold onto my reservation.

More concerning to me is the pathetic production number that Lucid is now forecasting. They went from 20K cars in 2022 to 6K. That is NOT confidence inspiring.

 

[Steveinarizona]

I have a Pure reservation and I will reconsider the reservation IF the bill makes me lose the $7500 tax credit. There is a long way to go between now and the bill passing, so I will wait patiently to see what happens as I hold onto my reservation.

More concerning to me is the pathetic production number that Lucid is now forecasting. They went from 20K cars in 2022 to 6K. That is NOT confidence inspiring.

Very true BUT if it means that Lucid is committed to getting it right, I understand.

 

[DBV]

I have a Pure reservation and I will reconsider the reservation IF the bill makes me lose the $7500 tax credit. There is a long way to go between now and the bill passing, so I will wait patiently to see what happens as I hold onto my reservation.

More concerning to me is the pathetic production number that Lucid is now forecasting. They went from 20K cars in 2022 to 6K. That is NOT confidence inspiring.

I agree. Not confidence inspiring at all. Sure hope they make, but not sure. So tough to start any company from scratch, let alone a new car company.

 

[Zenithredgt60]

6k production is concerning . I wonder where the bottleneck is? If its carpet and trim or sensor chips that’s one thing . If its their ability to manufacture batteries or motors at scale that meet spec than I’m more concerned . Note even the big manufacturers had production issues and were rationing components. Mercedes , Porsche and Tesla both had similar productions issues on their cars but were ultimately able to scale. Porsche has built 70k taycans over the last three years. Tesla has built more than 300k Model X and S vehicles. Mercedes is struggling to build the EQS in the volumes they had hoped.

 

[hydbob]

6k production is concerning . I wonder where the bottleneck is? If its carpet and trim or sensor chips that’s one thing . If its their ability to manufacture batteries or motors at scale that meet spec than I’m more concerned . Note even the big manufacturers had production issues and were rationing components. Mercedes , Porsche and Tesla both had similar productions issues on their cars but were ultimately able to scale. Porsche has built 70k taycans over the last three years. Tesla has built more than 300k Model X and S vehicles. Mercedes is struggling to build the EQS in the volumes they had hoped.

Doesn't GM have something like 90k cars sitting waiting for chips?

 

[n8236]

I got in before the price increase but was banking on the 7.5k and Cali 2.5k. So no, I won’t be ordering my pure if the bill passes. At 87k + tax, I have a lot of good options.

 

[n8236]

Interesting. Now there are 37k reservations. If all Lucid ships in 2022 is 6k, will they ramp up to 18k in 23 and 36k in 2024? Even then some who reserved Air Pure before the price went up will have to wait till 2024 at such a rapid ramp up. I have no doubt that we will see more cancellations if there are any more surprises in Q3 earnings report to come in Nov and even more cancellations if Fisker can really ramp up to 100k units by the end of 2023. If Air Pure delivery backlog runs into 2024, there is Hyundai Ioniq 6 sedan. If gravity runs into 2025, there is a Hyundai ioniq 7 SUV and so on....

if 2024, no ty. Plenty of options by then. And who is to say the recession isn’t coming. Things are shaky.