Lucid Will Makes Its Way to Europe by the End of 2022

Lucid wants to take on its main rival Tesla across the Atlantic. Will Europeans go for the company’s luxury EVs?
Written by Andrew Koole
Reviewed by Kathleen Flear
May 19, 2022
Lucid announced in May that it plans to start selling its electric vehicles in Europe by the end of 2022. Sales of its Lucid Air Dream Edition P and R sedans will begin in Germany, the Netherlands, Norway, and Switzerland.
It’s not hard to understand why
EV startups
like Lucid and Tesla want to move into Europe. The continent has one of the hottest markets for electric vehicles. Sales have even overtaken gas cars in some countries. 
But with all the obstacles impeding production, it won’t be easy for Lucid to supply both North America and Europe with enough vehicles to make a dent in the both markets.
Jerry
, your car ownership
super app
, took a closer look at the story to see what the company’s up against.

Lucid’s European goals target a receptive audience

EVs are selling like hotcakes in Europe. Even with all the production issues plaguing the auto industry right now—what with the war in Ukraine, the ongoing
chip shortage
, and all the other supply chain setbacks—fully electric model sales were up 47% in March compared to last year.
Fellow American brand Tesla already owns a nice slice of that pie thanks to its Model 3 and Model Y, the two bestselling EVs on the continent, as per
Inside EVs
. So it’s no surprise that Lucid wants to get a piece of the action. 
Lucid’s focus on northern nations shouldn’t shock you either. In Norway, plug-in vehicles already make up 92% of the auto market.
And while other
EU members
like Germany, the Netherlands, and Switzerland trail behind, EV adoption grows steadily in those countries as well. Plug-in marketshare is at 24%, 25%, and 28%, respectively.

Lucid’s cross-Atlantic announcement paired with price hikes

Lucid’s big plans for international success won’t come easy. Right now, commodity prices, continued microchip scarcity, and inflation rates have pushed the prices of electric cars up, and the California-based brand is no exception.
Reuters
says the company will raise the $140,000 starting price of the
Lucid Air
Grand Touring for new orders starting in June. It also said that the Air Dream models heading to Germany will start for 218,000 euros ($230,200 USD).
Low production numbers might be the key reason for the rising prices. Lucid expects to build only 12,000 to 14,000 cars this year. Whether that’s a bid to create Ferrari-like value through scarcity or a realistic goal set under extreme supply chain difficulty remains unclear.

Finding the right car insurance for Lucid owners is easy

Getting your hands on a Lucid Air might prove difficult this year, but if you manage to reach the front of the line and you have the cash, you’d do yourself a big favor by shopping with Jerry for
car insurance
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National General
Allstate
AAA
Aig
Chubb
ClearCover
CSE
Dairyland
DirectAuto
Elephant Auto Insurance
Kemper
Libertymutual
Gainsco
Mapfre
Mercury Auto
Metromile
Nationwide
Plymouth Rock
Progressive
State Auto
Safeco
Travelers
Metlife
Bristol West

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