Lucid Air reveals price and range for its cheapest EV

Last month Lucid made a splash with its first luxury electric vehicle, the Air Dream Edition, with more than 500 miles of battery range and a shocking $169,000 price tag to match.

Now a more "attainable" version of Lucid's battery-powered car is available to order for delivery in 2022.

Announced Wednesday, the base version Lucid Air will start at $77,400 before any tax credits or EV incentive programs. This Lucid Air version has a 406-mile range for that price.

Here's how the base model stacks up to the other Lucid models on price and range:

• The Grand Touring model costs $139,000 with 517-mile range on a single charge (the highest-range version)

• The Dream Edition is $169,000 with 503-mile range (the most expensive option)

• The Air Touring model is available later in 2021 for $95,000 with 406-mile range

The Dream Edition has that staggering price for its high-end interior with reclining executive seats in the back. The more modestly priced Air with just a single motor looks a little different from the dual-engine, all-wheel drive Dream. There's no glass roof and super-spacious drivers seat. But owners of any Lucid (including the base model) are eligible for three years of free charging through the Electrify America charging network.

The cheapest Air is more in line with Tesla pricing, which starts at $72,000 for the Model S, its luxury electric sedan. It has a similar range to the Air with 402 miles.

The base level Air is available to reserve online for $300 starting Wednesday.