Yesterday, I spent around an hour at the Scottsdale DMV, reviewing my situation. I began by speaking with a front-line representative, and after some time, a supervisor joined the discussion. It took a while to explain, but eventually, both agreed that the license fees for my Touring should be calculated based on a $95,000 value, rather than the incorrect $154,000 they had been using.
It appears that Lucid utilized a third-party service, L&J Motor Vehicle Services (also known as Airpark Motor Vehicle Services), to handle interactions with the DMV. It seems that the wrong MSRP might be due to their error. The Scottsdale DMV has initiated a case and is reaching out to L&J to investigate and hopefully rectify this issue. It might take a couple of weeks, and I'll provide updates once I learn more.
Although I had already paid my 2024 renewal a couple of weeks ago, the DMV managed to cancel that payment and return those funds to my DMV account. If this matter isn't resolved by December 15 when my tags expire, they will grant me a one-month extension. Ideally, a favorable resolution would involve L&J reimbursing the overpayment made in 2022 and collaborating with the DMV to correct the MSRP to $95,000. At that point, I would proceed with my renewal based on the accurate MSRP.