In addition to our recent drive of the Lucid Air Sapphire, we got the opportunity to test drive all of the American automaker’s 2024 models, including Pure, Touring, and Grand Touring, and have shared our thoughts below. As part of our visit, Lucid Motors also invited us behind the scenes at its design studio in California, where we got a look at the progress of its upcoming “Mid-Size” EVs.
Lucid Motors ($LCID) began its entry into the EV segment with its flagship Air sedan, which arrived as a 2022 model. In December, the American automaker unveiled its 2024 model year Airs, which added a new RWD version of the entry-level Pure variant.
That new Air started at an MSRP of $77,400 – its most affordable model to date. By February 2024, Lucid shared it was slashing prices of three of the four Air variants, including the RWD Pure, which now sits at a starting MSRP below $70,000.
Just yesterday, Lucid shared its upgrades to the Grand Touring version of the 2024 Air, which now utilizes the heat pump from its top-tier Sapphire edition and significantly faster charging speeds while offering the same EPA estimated range of 516 miles on a charge.
Last week, we visited Lucid in Northern California and had the opportunity to test out all four versions of the 2024 Air models, and got an exclusive look behind the scenes of its design center, which included a peek underneath the sheet of the mid-size EVs it has in development.
The 2024 Lucid Air Grand Touring / Source: Scooter Doll
Lucid’s 2024 Air models don’t disappoint, especially Pure
On a sunny and foggy day near Half Moon Bay last week, I got a chance to take all four of the 2024 model year Lucid Airs out and open them up on winding roads and coastal straightaways. I captured images of each of the four trims: RWD Pure, Touring, Grand Touring, and the tri-motor Sapphire.
The latter has been on my to-do list since it was first announced in the fall of 2022, so that review got its own dedicated post and video review. You can learn more about my experience here.
After Sapphire, I took each of the other three Lucid Air variants around an hour-long route to see how things differ in the 2024 models. Let’s start with Grand Touring. As previously mentioned, the Air GT saw the most significant upgrades in 2024, but the drive is admittedly the same from my experience.
Future customers will be able to take advantage of 15% to 30% faster DC charging speeds and better performance under winter conditions with the heat pump, but neither of those played a factor in my specific test drive.
The Grand Touring still screams luxury. As the top model not including the $249k Sapphire, the GT comes equipped with all the best features, including a beautiful panoramic glass canopy roof and a comfortable, roomy interior complete with metallic accents.
Its 819 horsepower cannot be denied when overtaking slower cars with dual motors, but in my opinion, the addable features like massage seats and power shades are the only noticeable upgrades compared to other trims. Yes, it’s the fastest of the three models below Sapphire (0-60 mph in 3 seconds), but I’d personally be more than happy in a Touring while saving some cash. The new upgrades are a welcomed addition; however, the GT is still a bit pricey, starting at $109,900.
When I drove the 2023 Air Touring for the first time, I hailed it as the model to splurge on. I found its acceleration and EV performance well beyond what the average consumer needs and didn’t really miss any of the additional bells and whistles present on the GT. For that reason, I felt that Touring fit the sweet spot for consumers interested in the Air… at least at the time.
The 2024 Lucid Air Touring strays the least from its previous iterations, but still delivers better specs than most other vehicles in its class. The current version offers 620 horsepower and can accelerate 0-60 mph in 3.4 seconds, all while promising 411 miles of all-electric range. At a lower price of $77,900, you can now get a Touring near the price of the original Air Pure.
Still, it’s a slam dunk in many ways if you’re interested in more interior features, but if you’re more hellbent on performance in terms of value, the new RWD Air Pure is where it’s at.
The two stars of my day of driving the 2024 model year Lucid Airs were Sapphire and Pure—both ends of the automaker’s current EV portfolio. Lucid CTO and CEO Peter Rawlinson has told us many times that the RWD Pure variant is his favorite, and it’s hard to disagree.
Even with the lowest specs of the lineup, the Pure delivers 430 hp and can accelerate from 0 to 60 mph in 4.5 seconds. With performance like that, you don’t even miss the second motor, trust me. Furthermore, its 410-mile range is a mere mile behind the Touring, but for $8,000 less.
What impressed me most about the RWD Pure was how smooth and quiet of a ride it was. All of the models are quiet, but there is something more polished about this new Pure I have trouble describing. What’s even crazier to think about is that this model could be considered a halo version in other automaker’s portfolios, and it’s Lucid’s entry-level option. This is another testament to how far ahead the automaker is in its EV architecture, inverters, and overall efficiency.
Not to mention the level of comfort and luxury Lucid puts into each and every one of its models. I still think Lucid could improve its software in all the vehicles. I certainly didn’t encounter as many bugs in the 2024 Lucid Air models as I’ve encountered in the past, but the UX still lags sometimes, and I had a few issues connecting my smartphone wirelessly using Apple Carplay.
Overall, I was impressed with all four of the 2024 Lucid Airs, but Sapphire and Pure are my favorites. Obviously, a tri-motor luxury EV with 1,234 hp will impress people, so that’s a given, but I think the RWD Pure is my new favorite and would be the model I recommend to consumers. Because of that, I felt like the Touring and Grand Touring got lost in the shuffle – I’d only recommend splurging on one of those trims if you absolutely require their better acceleration.
Looking ahead, Lucid continues to develop its second model – the Gravity SUV, which is set to begin production later this year. After that, Lucid intends to unveil a third mid-size option, which the company has teased in the past as a direct competitor to the Tesla Model 3 and Model Y.
As part of my trip, I got to see mid-size up close and gain some insight as to what we can expect.
Lucid’s design studio in California / Source: Lucid Motors
A peek at “Mid-Size” while touring Lucid’s design studio
This was another exciting trip with Lucid as I not only got to experience the power of the Air Sapphire, but also got to tour the automaker’s design studio outside of San Francisco as one of the few media to ever get taken into the back to see where all the EV magic happens.
Pictures were not allowed for obvious reasons, but we did get another up-close look at Gravity before we walked over to the main floor, where two clay models of the new mid-size EVs sat covered by sheets.
Although the developing models were covered, I was surprised at how large and assumedly spacious they still looked. From what I saw, Lucid is planning at least two variants for mid-size – a more passenger and family-friendly crossover and a more rugged SUV for the elements (we saw a roof rack and Toyo off-road tires).
Some of the targeted competitors are the upcoming Macan EV and Kia EV5 and we were told the new EVs will function similarly to model like the Hyundai Santa Fe, Rivian R2, and Ford Bronco. Lucid’s Senior Vice President of Design and Brand, Derek Jenkins walked us around the covered vehicles and even lifted up a corner of the sheet at the crossover’s rear to give us a peak at the clay. It’s definitely a work in progress, but it looks sleek and unique… although its design is sure to change several more times before its targeted arrival in 2026.
One exciting design aspect that Jenkins preached was this idea of “inclusivity,” particularly in the cabin of the mid-seize models. He mentioned integrating music, video, and phone use as immersive experiences unlike anything the public has ever seen, all of which can be controlled from anywhere in the vehicle – adding a sort of group experience to driving… although many of these incoming features will likely only be available while parked.
Jenkins also shared that the smartphone will play a critical role in the mid-size experience, whatever that means. He said that Lucid is not trying to beat or replace the phone but that there is potential in that technology and its experience that the automaker feels can do better with a car.
Peter Rawlinson was also with us, showing plenty of excitement about Lucid’s third vehicle design. However, he and Jenkins both admitted they are still a ways away from agreeing on the new EV names. When asked about pricing, Rawlinson said Lucid is targeting $48,000 to $50,000 starting MSRPs, but “it could get up to $60,000, I suppose.”
To help keep prices down in the future, Rawlinson expressed a trickle-down design efficiency that bolsters tech throughout the portfolio and streamlines production while utilizing the components across multiple models to help lower costs. We’re already seeing it happen with the Sapphire heat pump in the Air Grand Touring, as mentioned above, so expect more of that strategy in “mid-size” and beyond.
That’s all for now. We likely won’t see any genuine looks at the new mid-size Lucid EVs for a while, as they remain a work in progress. That progress does sound quite encouraging however, and we will be sure to keep you in the know as we learn more. For now, we will remain focused on the 2024 Lucid Air models as we gear up for the official launch of Gravity.
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Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.
Andrew Kelly | Reuters
Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on behalf of sanctioned Russian banks and other entities.
Iurii Gugnin, a 38-year-old Russian national living in Manhattan, was arrested and arraigned Monday and ordered held without bail pending trial.
Gugnin faces a 22-count indictment accusing him of wire and bank fraud, violating U.S. sanctions and export controls, money laundering, and failing to implement legally required anti-money laundering protocols.
“The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” Assistant Attorney General Eisenberg said in a statement.
Prosecutors said Gugnin used his companies — Evita Investments and Evita Pay — to process about $530 million in payments while concealing the origins and purposes of the funds. Between June 2023 and January 2025, he allegedly funneled the money through U.S. banks and cryptocurrency exchanges, primarily using tether, a widely used, dollar-pegged stablecoin.
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Clients included individuals and businesses linked to sanctioned Russian institutions such as Sberbank, VTB Bank, Sovcombank, Tinkoff, and the state-owned nuclear energy firm Rosatom.
To carry out the scheme, Gugnin allegedly misrepresented the scope of his business, falsified compliance documentation, and lied to banks and digital asset platforms about his ties to Russia. Prosecutors say he masked the source of funds through shell accounts and doctored more than 80 invoices, digitally erasing the identities of Russian counterparties.
Investigators also cite internet searches indicating he knew he was under scrutiny, including queries like “how to know if there is an investigation against you” and “money laundering penalties US.”
The Justice Department said Gugnin maintained direct ties to members of Russia’s intelligence service and officials in Iran — countries that do not extradite to the U.S.
He is also accused of helping the export of sensitive U.S. technology to Russian clients, including an anti-terrorism-controlled server.
Gugnin was profiled last fall in a Wall Street Journal article about high-net-worth renters in Manhattan, where he reportedly paid $19,000 per month for an apartment.
If convicted on bank fraud charges, he faces a statutory maximum sentence of 30 years in prison, but if convicted on all counts, Gugnin could be given a consecutive maximum sentence significantly longer than his lifetime.
Despite China’s recent warning, BYD is ramping up the pressure on rivals with another ultra-affordable electric vehicle. BYD launched the Seal 06 EV, starting at just over $15,000, as the price war in China appears to be getting out of hand.
Meet the BYD Seal 06 EV
The new Seal 06 EV arrives after the China Automobile Manufacturers Association (CAMA) issued a warning last week, stating an automaker’s recent price cuts are “triggering a new round of price war panic.”
Although the statement didn’t single out BYD, it’s pretty obvious who they are referring to. BYD cut prices (again) on May 23 by up to 34% across 22 of its most popular models. Its cheapest electric car, the Seagull EV, now starts at just 55,800 yuan ($7,800).
BYD is now turning up the heat with another low-cost EV rolling out. The Seal 06 EV officially launched in China, starting at just 109,800 yuan, or about $15,300.
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It’s available in three trims with two BYD Blade LFP battery pack options: 46.08 kWh or 56.64 kWh, providing a CLTC range of 470 km (292 miles) and 545 km (339 miles).
The electric sedan measures 4,720 mm in length, 1,880 mm in width, and 1,495 mm in height, approximately the same size as the Tesla Model 3 (4,720 mm in length, 1,850 mm in width, and 1,443 mm in height).
Like most new BYD vehicles we’ve seen, the new Seal 06 EV is equipped with its God’s Eye ADAS and DiPilot 100 smart cockpit system. However, unlike some of the more premium models, the Seal 06 uses a camera system rather than LiDAR.
The new EV joins BYD’s Seal lineup of vehicles, which includes the hybrid Seal 06 DM-i and the popular electric Seal sedan models.
Inside features a similar setup to BYD’s other new vehicles with a 15.6″ rotating center infotainment and a smaller driver display screen.
Although the Seal 06 EV starts at 109,800 yuan ($15,300), BYD promises “with over 33 hard-core standard features, the entry-level version is high-end.”
It features a few added amenities not typically found in entry-level cars, including heated and ventilated front seats, a panoramic sunroof, ambient lighting, and a surround sound stereo system. It even has a built-in refrigerator that can heat and cool.
Will it compete with Tesla’s Model 3 in the Chinese market? Although it features less range, the Seal 06 EV is half the cost. The base Model 3 RWD starts at 235,500 yuan ($32,800) in China with a CLTC range of 634 km (394 miles). Which one would you buy? Let us know in the comments.
After slashing prices again last month, another low-cost, but well-equipped BYD EV is arriving in China. Will the Seal 06 EV pressure others, like Tesla, to follow suit? We will find out shortly.
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The US solar industry is still booming, but looming policy threats could pull the plug on that momentum.
According to the new US Solar Market Insight report from SEIA and Wood Mackenzie, the industry installed 10.8 gigawatts (GW) of new electricity-generating solar in Q1 2025, with solar and storage making up a whopping 82% of all new capacity added to the grid.
And US solar manufacturing is also on a roll: The first quarter saw 8.6 GW of new module manufacturing capacity come online, the third-largest quarterly increase on record.
That growth came from eight new or expanded factories in Texas, Ohio, and Arizona. Meanwhile, US solar cell production doubled to 2 GW, thanks to a new factory in South Carolina.
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But the industry’s rapid expansion is under threat. New tariffs and the “Big, Beautiful Bill” passed by the House that would gut clean energy tax incentives are injecting serious uncertainty into the market. SEIA warns that if the Senate doesn’t act to fix the legislation, the consequences will be severe: factory closures, energy shortages, job losses, and higher electricity bills.
“Solar and storage continue to dominate America’s energy economy, adding more new capacity to the grid than any technology using increasingly American-made equipment,” said SEIA president and CEO Abigail Ross Hopper. “But our success is at risk.”
According to SEIA, if Congress doesn’t change course, 330,000 jobs could disappear, along with 331 planned or operating factories and $286 billion in local investment. Americans could also see $51 billion in higher power bills.
Tariff uncertainty is already rattling the industry. Anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar cells and modules, plus other tariff shifts, are adding to the instability. Meanwhile, proposed changes to clean energy tax credits would undercut long-term planning for manufacturers and developers alike.
“The 10.8 GW of solar capacity installed in Q1 2025 represents a significant portion of new US electricity generation,” said Zoë Gaston, principal analyst at Wood Mackenzie. “However, our analysis suggests that the US solar market has yet to reach its full potential.”
And it’s not just analysts raising red flags. SEIA and Wood Mackenzie have downgraded their five-year outlook for every solar segment except community solar. Residential solar is expected to drop 14% compared to previous projections, and utility-scale solar is down 6%. If the clean energy tax credits are rolled back, that outlook could fall even further.
One major point of tension is politics. Texas led the nation in new solar capacity in Q1 2025, and Florida overtook California to land in second place. Eight of the top 10 states for solar installations in the quarter voted for Donald Trump in 2024.
That means the places most at risk if the House bill isn’t fixed are represented by Republicans.
SEIA says that if clean energy tax incentives are gutted, US energy production will drop by 173 terawatt-hours (TWh), and the country will not be able to compete with China in the global race to power AI.
The bottom line: The US solar industry is scaling up fast, but policy missteps could slam on the brakes just when momentum is peaking.
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