December 2022 Update: To the dismay of many on social media (particularly Reddit), VinFast made an unwelcome announcement recently. The good news: The first VinFast EVs will arrive in California by January 2023. In fact, there are 999 VF8 electric SUVs on the way to America. The bad news: VinFast says that these will be “City variants” with just 180 miles of estimated range, according to the company.
Previously, VinFast had advertised to everyone, including reservation holders, that the VF8 had either 249 miles of range for the Eco variant, or 261 miles of range for the Plus variant.
Okay, say you’re fine with 180 miles on a charge, as long as it comes with a significant price discount. You’d be disappointed. VinFast is offering these City variants of the VinFast VF8 at a $3,000 discount. That means that this 2023 electric SUV will still cost either $55,500 or $62,500, with 180 miles of range. Note, that’s the same range as the Nissan LEAF, and is much less than the Chevy Bolt. With this range and at this price point, we can’t recommend the VinFast VF8 City version. Competitors offer more range for the same (or less) money.
Now, on to the original first-look of VinFast EVs:
Just as legacy OEMs are jumping into the EV race, newcomers and startups are set to enter the North American market within the next year or so. Today, a glance at electric vehicle sales numbers finds Tesla dominating with 67% market share, but that figure is slowly falling as the competition heats up. Volkswagen Group, Ford and Korean automakers trail behind, eager to bite into Tesla’s success. Here to spice things up are newcomers like Rivian, Fisker, Lucid and a half-dozen other boutique automakers.
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Overseas, two established EV players are poised to join the fun as well. While Chinese EV success story NIO hasn’t made any commitments, aspiring Vietnamese automaker VinFast is ready to break ground in America. How will this emerging vehicle segment evolve over the next 2-3 years? Whatever happens, it’s looking increasingly likely that VinFast will be a part of the story.
Who Is VinFast?
The 2021 LA Auto Show was all about EVs. No one lingered around the occasional displays of cross-cut engines or propped-open hoods. Yet every electric vehicle booth was packed. One of the many oddities and spectacles at the auto show was VinFast, who (almost) nobody had heard of. It almost sounds like the name of a rebranding online car seller who gets your title to you in less than a month. Founded in 2017, VinFast is the automotive wing of Vingroup, a private Vietnamese conglomerate active in tech, retail, industrial development and service industries. Now worth over $35 billion, Vingroup had humble beginnings as a food processing company working out of Ukraine in the early 1990s.
VinFast first set foot in America in the summer of 2020. That was a pretty horrible time to be launching any kind of business venture, but VinFast stuck with it. With an extensive history and enough capital to get the ball rolling, automotive industry analysts are marveling at the pace of VinFast. At the LA Auto Show, VinFast US CEO Van Anh Nguyen told TechCrunch about their expansion plans. Here’s what the ambitious automaker has in store in just the first half of this decade:
$200 million for building a headquarters and support infrastructure in California
Hiring 1,000 employees in California, including 400 at the new headquarters
Opening 60 sales locations
Opening multiple service centers and mobile service providers
Building a VinFast factory in America by the end of 2024
Two VinFast SUVs launching in the US soon
With this roadmap in mind, it’s no surprise that VinFast is eyeing an IPO into the US stock market. Rumor has it that they’re shooting for a $60 billion valuation.
Batteries Not Included?
When VinFast announced their new 15,000 square-foot headquarters, they also shared some details about future product launches. VinFast followed through on their pledge to officially debut two of its first electric SUVs, the VF 8 and VF 9, at the 2021 LA Auto Show. There’s one aspect in particular that lends so much confidence to VinFast’s growth strategy. Much of their research and development has been focused on streamlining and automating vehicle manufacturing processes. Sound familiar? That’s how a certain American company (starts with a T, ends with an A) overcame the many burdens of production ramp-up. In fact, Tesla was the first American car manufacturer to successfully ramp up automotive production in nearly 100 years. If VinFast has scalable growth in mind, their likelihood of success is far greater than the average EV startup.
VinFast’s approach to EV production isn’t all good news for the consumer. Automotive News recently reported on VinFast’s plan to NOT include a battery pack as part of the standard equipment when the vehicle is purchased. Instead, car buyers will lease a battery pack from VinFast. I guess that’s one way to guarantee a revenue stream!
How Much Is a VinFast Battery Lease?
Renting a battery pack from VinFast won’t be cheap. Unless, of course, you intend to purchase an EV that comes without the usual fuel savings associated with going electric. VinFast Global CEO Le Thi Thu Thuy said the two battery pack options will cost between $100 and $150 PER MONTH. They say the battery leasing model would buffer EV buyers from the risk of degraded battery performance over time. They’ll replace the battery if it falls below 70 percent of its initial charging capacity. The thing is, today’s EVs still retain over 80% of their initial charging capacity with well over 100,000 miles on the odometer. This would have been a reasonable strategy a decade ago, when early battery tech was on shaky, experimental ground. Now, it’s a solution in search of a problem.
Below is the official announcement from VinFast, showing the pricing tiers for the VinFast VF 8 and VF 9. VinFast battery subscription plans range from $110 to $160 per month on the VinFast Fixed Plan, and $35 to $44 per month on the VinFast Flexible plan, which includes just 310 miles of driving per month.
This is from VinFast’s marketing material.
Why would anyone buy a new car knowing they will have to pay an extra $150 every month for the required battery? That would only work if the car itself sells for ridiculously cheap. We’ll see, but I’m skeptical.
Imagine if Apple required you to purchase a battery for the IPhone separately. The behemoth wouldn’t be where they are today with such a critical product miscalculation. Will VinFast SUVs overcome this looming and unnecessary product feature? Or will they reverse course before launching US sales?
VinFast Models in 2022
Enough with the negativity. At the 2021 LA Auto Show, VinFast shared two impressive electric concepts. They intend to bring both to production very soon, and both will be sold in the US market. The VF 8 (formerly dubbed the e35) and VF 9 (formerly e36) are two fully-electric SUVs that feature advanced driver-assistance systems and a suite of smart features. Both VinFast SUVs are designed by Italian design firm Pininfarina, and the result is pleasant to look at.
The smaller VF 8 is advertised for up to 310 miles of range on a charge. Stepping up to the larger VF 9 will get you 301 miles of range with the (rented) standard battery, or buyers can opt for the bigger battery that’s good for 422 miles.
Aside from the range figures and pretty images, not a whole lot is known about these two SUVs. The VinFast website shows an interior with a 15” Tesla-style touchscreen front and center. What they do make clear on the website is that interested buyers are welcome to place a reservation for $200. Reservations placed before April qualify for a $3,000 to $5,000 voucher for their VinFast SUV of choice.
VinFast pricing starts at $41,000 for the crossover-styled VF 8, and $56,000 for the larger VF 9 SUV. Power is impressive, yet nothing to write home about. Check out the full VinFast pricing and spec details below. The automaker does make it abundantly clear that this information is subject to change.
CarEdge’s Take
I want VinFast to succeed in their North American expansion. Greater competition among automakers almost always results in savings for the consumer. But batteries not included? $150 every month for something that literally comes with every single other electric vehicle in the world? Come on. I hope VinFast sees the reality of the situation and the expectations of the American buyer.
What do you think? Are you willing to give VinFast a chance, or are they wasting their time with this battery nonsense? How affordable would the car have to be for this sales model to work? Let us know what you think. I’d love to hear your thoughts, especially if you might be willing to give the VinFast ownership experience a try.
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We receive a lot of questions from CarEdge Members, and this one comes to us nearly everyday; “Is now a good time to buy a car?” While the past year has been anything but normal (used car prices increased more than 35% in 2021), we may actually be coming up on a period of time where buying a car might make sense. I promise we’ll explain below.
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Let’s discuss if right now is a good time to buy a car. Whether you should buy new or used, or if you should consider leasing. Let’s also keep in mind that the same rule applies as it did last year: if you don’t need to buy a car right now, please don’t. Prices are inflated, and while we are seeing some renewed deal-making, that doesn’t necessarily reflect a “great” value.
Let’s dive in.
Is now a good time to buy a car
Yes. The short answer is “yes.” How can we possibly say that when used car prices have increased 35%+, and new cars are typically selling for MSRP (or more)? Well, the answer is pretty simple, we’re seeing that dealerships are starting to get nervous about the expensive inventory they’ve purchased, and some are ready to get back to deal-making.
Ryan’s deal is a perfect example of what’s possible in the used car market right now. This is nearly 12% under MSRP. For months now we have seen dealerships selling cars, trucks, and SUVs at well over MSRP, and this is proof that not all deals have to be that way.
New car inventory levels are slowly starting to creep back up, and while dealerships do not have as much inventory as they did pre-pandemic, they are slowly but surely beginning to negotiate again. If you are going to factory order a vehicle, be sure to watch this video to get the best price possible.
Used vehicles
Okay, so that’s new cars. What about used vehicles. Is now a good time to buy a used car? It pains me to say it, but yes. Right now, after a very slow January (car sales were down nearly 10% in the United States), car dealers are getting cold feet while they floorplanvery expensive used car inventory.
Interest rates are increasing, and that means that the cost to hold inventory at a dealership is increasing as well. Each day a vehicle sits on a car dealer’s lot they lose money. A few months ago this wasn’t much of a concern because interest rates were very low, and consumer demand was very high.
Now, interest rates are creeping up, and after a slow start to the year, many dealers are getting nervous that they bought their inventory high, and may end up having to sell it low. In January we saw four consecutive weeks of wholesale used car price declines. A few months ago, if a dealer bought a used car for an inflated price they could simply go back to the auction and sell it for even more (used cars were appreciating). That’s not happening right now, and so dealers are more willing then they have been to negotiate and make a deal with a retail customer.
From our sources, we are hearing that dealers are taking up to $2,000 losses on used cars, simply to sell them and try and make the profit up on the “back end” of the car deal (the finance, extended warranty, etc.)
As a savvy CarEdge Member, we encourage you to go to Deal School, and come in prepared with financing and extended warranty quotes so that you can play offense instead of defense when you do go to the F&I Office.
When to buy a car in 2022
Is right now the best time to buy a car in 2022? That’s a great question. While we do think right now is a good time to buy, it may not be the best. Traditionally the end of the year is the best time to buy , that’s when dealerships typically have incentives from their manufacturers to hit volume-based sales objectives. As a result of the chip shortage those objectives have vanished.
With that in mind, the end of the year is no longer the absolute best time to buy a car. In 2022 what will dictate the best or worst time to buy a car will be based on how many vehicles automakers need to take out of production. Last year we lost 11 million vehicles globally as a result of the chip shortage. The expectation for this year is that we’ll lose 1 million.
If there are more new cars produced earlier in the year, and less losses than expected, we could be in for end of year car deals. If that doesn’t happen, then we could be looking at continued high prices.
We expect that used car prices will increase again in the spring with tax returns getting into consumers hands. Right now appears to be a very good time to buy a car in 2022 (again, with the caveat being, only if you need to).
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Some may think of electric vehicles as a concept of the future, but over 2 million EVs are already on American roads. By 2030, that figure may exceed 5 million. Where will all of these EVs juice up on road trips? Say hello to the gas station of the future. Charging stations are growing as more automakers commit to electrification.
Among the key players in EV charging is Electrify America. With roots in the 2015 dieselgate debacle, Electrify America is out to show the masses that electric cars are accessible and convenient. Maybe you’ve even seen their glowing green stations in your local Walmart parking lot. Who knows, you might find yourself at an Electrify America station sooner than you think.
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Let’s cover the basics of Electrify America:
How much does Electrify America cost?
What is Electrify America’s pricing?
Where are Electrify America charging stations?
And so much more!
Let’s dive in.
What Is Electrify America?
Electrify America is the rebranded name for the initiative that Volkswagen created and funded as part of its 2016 settlement with the United States Environmental Protection Agency and the California Air Resources Board. VW was caught red-handed cheating on emissions tests for millions of diesel cars sold in the US. Remember when everyone had to sell back their cool Golf TDI? VW hit rock bottom in 2015. As part of the $2 billion punishment, Volkswagen is prohibited from branding the charging network as a VW enterprise.
So here we have it, Electrify America! Storied past aside, EA is now a large and rapidly growing player in the world of electric vehicles. Despite initial skepticism, EA showed it was serious by following through on their initial goal of adding 2,000 DC fast chargers within a few years. An average of four EA stations were opened every week since the official debut of Electrify America in May of 2018. Now, EA is embarking on the next stage of growth.
Who Can Charge at Electrify America Stations?
Yup, that’s an electric Harley-Davidson!
Good news! Any electric vehicle model can plug in at Electrify America charging stations. Even Teslas can charge here, despite having their own exclusive Supercharger network. Tesla may have a walled garden for its customers, but EA is open to all. EA stations include several CCS plug types, which work with nearly all EV models. The stations also have a CHAdeMO plug, which only the Nissan Leaf uses as of 2022.
Plug-and-charge is a convenience feature popularized by Tesla, but now spreading among automakers. Considering Electrify America’s Volkswagen roots, you’d think plug-and-charge would be a given for VW electric cars. Not so, at least not yet. However, it looks like automakers are at fault here, not EA. The 2022 Ford Mustang Mach-E already offers plug-and-charge, saving time and hassles for owners. GM says it will soon, but not by the time Cadillac Lyriq deliveries begin this year.
Charging Speeds
Electrify America charging stations are installed with future-proofing in mind. The vast majority of stations are capable of supplying the latest EVs with up to 350 kW charge speeds. In 2022, only a few EVs are capable of such rapid charging. The Hyundai IONIQ 5, Lucid Air and Porsche Taycan are a few examples. If your EV only accepts slower charging speeds, Electrify America certainly has the power you need to juice up.
How Much Does Charging At Electrify America Cost?
Some lucky EV drivers will have some amount of free charging at Electrify America. The Volkswagen ID.4, Hyundai IONIQ 5, Polestar 2 and even the Lucid Air all come with two or three years of complimentary charging at EA.
Electrify America pricing is determined by the following price tiers. Customers can either pay $0.43 per kilowatt-hour of electricity, or become a Pass+ member for just $4/month and charge up at $0.31 per kWh. For the Ford Mustang Mach-E with the standard battery, a full charge will cost about $21.00 as a Pass+ member, but $30.00 as a guest.
Having such an affordable membership plan is an interesting approach. It almost seems like Electrify America is aiming to become a subscription that everyone with an EV will buy into for a sense of range security, even if they rarely use the network. Learn more about Electrify America pricing and how much it costs to charge an electric vehicle at home or on the road here.
Where Are Electrify America Stations Located?
After an extremely fast build-out, EA now has chargers in 47 states. Only North Dakota, Wyoming and West Virginia have yet to receive EA chargers. Some states have many chargers. Metro areas like Washington DC, Atlanta, New York City, and of course all of California have a high density of EA charging stations.
A large number of EA stations are located in Walmart parking lots. Others are at Target stores, shopping malls, gas stations, and other frequented stops. With the new federal push for a national EV charging network, highway rest areas may soon get their own charging stations.
As of early 2022, Electrify America has 710 charging stations active in the US. Over 100 more are on the way soon. Three-quarters of existing charging ports are of the CCS type. The remainder are CHAdeMO-type plugs, almost exclusively for the Nissan Leaf. The rest of the EV world has moved on from CHAdeMO.
Here are all of the Electrify America charging locations as of early 2022. Future stations are in gray.
The 2025 Boost Plan: 1,800 Stations and 10,000 Chargers By 2025
Electrify America’s 2025 Boost Plan
Electrify America’s original goal was to have about 800 charging stations and approximately 3,500 individual chargers in the U.S. by the end of 2021. As you can see above, they clearly exceeded that ambitious goal. Now, EA is looking ahead to their 2025 Boost Plan. The new plan calls for increasing the total number of charging stations to more than 1,700 and 9,500 individual chargers by the end of 2025. Soon, all 50 states will be home to EA charging stations. For me in West Virginia, that can’t come soon enough. It’s a charging desert out here in the hills.
Tesla Superchargers
The Tesla Supercharger Network in 2022
With so much competition arriving in the electric vehicle segment, buyers have far more options than they did just a few years prior. Back in 2018, it was Tesla, the Chevy Bolt and the Nissan Leaf that were selling in big numbers. Now look at the list of every EV on sale in 2022. Consumers have options! And by the time Electrify America’s 2025 Boost Plan is carried out, EV sales are expected to make up at least 12% of total vehicle sales.
Still, Tesla continues to lead electric sales by a large margin. Tesla drivers can charge at Electrify America stations if they bring their own plug adapter. Unfortunately, only Tesla cars can plug in at the sprawling Tesla Supercharger network. Tesla’s proprietary network of exclusive chargers just reached a major milestone. As of late 2021, there are 30,000 charging stalls at over 5,000 locations worldwide. One-sixth of those charging stations were built in the latter half of 2021 alone. In the US, there are nearly 1,000 Supercharger locations, a figure that is rapidly growing.
Tesla also has a level 2 Destination Network at tourist destinations, hotels, restaurants and other destinations. Soon, there will even be a Megacharger Network to support the coming Tesla Semi. Rumors abound that Tesla will open up the Supercharger network to non-Tesla cars, as they have already tried in select European countries. Until that officially happens in the US, Superchargers remain off limits to Ford, GM, Hyundai and every other automaker’s EVs.
Tesla Superchargers are not free. In fact, charging will cost $0.28 per kilowatt-hour of electricity in most markets. Learn more about how much it costs to charge an electric vehicle in our recent report.
How Does Electrify America Compare to Tesla or a Gas Station?
Clearly, electricity is cheaper than gasoline, no matter where you plug in:
Cost of Charging to 100% at a Tesla Supercharger
Cost of Charging to 100% at Electrify America as a Member
Cost of Charging to 100% at Electrify America as a Guest
Cost of Filling up an 18 Gallon Tank of Gas at $3.25/Gallon
$22.96
$25.42
$35.26
$58.50
CarEdge’s Take
The automotive industry is commiting to EVs. With nearly half a trillion dollars committed to EV development this decade, is this a ‘too big to fail’ moment? However, what good are EVs if there’s nowhere to charge them? Actually, over 80% of electric vehicle charging happens at home. Still, road trips would be dead if automakers electrify without having public fast chargers as widespread as today’s gas stations.
Aside from the Tesla Supercharger network, Electrify America is the best shot we have at rapidly building out a DC fast charging network across America. Automakers, utilities and even the federal government are currently figuring out how to grow charging infrastructure in America. The recent National EV Charging Summit highlighted those efforts, and also the immense challenges ahead. Electrify America’s 2025 Boost Plan offers a glimpse of the electric future to come along American highways.
What do you think? Will Electrify America and the growing Tesla Supercharger network be enough for EVs to comfortably reach the forecasted 30-40% market share in 2030?
For years, electric vehicle skeptics have had three big demands that would be needed to win them over: range like a traditional vehicle, faster charging, and affordability. With the arrival of the ultra-luxury Lucid Air, the emerging EV-only automaker has achieved two of these three goals. One could argue that luxury vehicle consumers fall into one of two categories: those who prefer classic, traditional luxury, and those who like to experience the latest and greatest in technology and powertrain integration. The 2022 Lucid Air without a doubt falls into the latter category. Here’s our CarEdge first look at the electric newcomer moving the goal posts in the battery-powered range wars.
The 2022 Lucid Air Has Tesla Roots
When engineer Peter Rawlinson left Tesla in 2012, the automaker now synonymous with EVs was just getting started. The early success of Tesla was in part due to the efforts of Rawlinson, who served as Vehicle Engineer for the development of the Model S, the first Tesla model to make it mainstream. Citing the need to care for his ailing mother, and a boss that wasn’t treating him too well (as he puts it), Rawlinson left the company just as Model S sales were ramping up.
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But he would soon return to the automotive startup scene, this time as Chief Technical Officer of Lucid Motors in 2013. By 2019, he was CEO. His tenure at Lucid has seen the flagship model, dubbed the Air, make it from sketches and prototypes to the first customer deliveries in late 2021. Now that the 2022 Lucid Air is in production at the new AMP-1 site in Casa Grande, Arizona, drivers and engineers are marveling at the innovation and specs.
The 2022 Lucid Air: The New Range King
When Lucid announced the 2022 Lucid Air would have a range of up to 520 miles on a single charge, not everyone believed it was possible. Now that at least one independent range test squeezed 500.1 miles out of a single charge going 70 mph on the highway, the range wars are heating up.
No other automaker can claim a 500-mile EPA rating as of early 2022. Tesla’s Model S comes closest at 405 miles of rated range. The all-new Mercedes EQS luxury EV is rated for 350 miles of range, however Edmunds drove the EQS a full 422 miles in their test loop. For now, the Lucid Air reigns supreme.
The Air’s exceptional range is made possible by a drag coefficient of 0.21 (lower than even Tesla models) and a very large 118 kWh battery pack. That massive battery is responsible for a large portion of the 5,200 pound weight of the Air. That’s heavier than a Ford F-150!
Raising the Bar: 406-520 Miles
Not all trims of the Air are rated over 500 miles. The ‘base’ trim (if you could really call it that) is estimated to be rated for 406 miles. That’s just one mile over the Tesla Model S long-range. If that’s not a shot at Tesla, I don’t know what is.
The debut Lucid Air Dream Edition is rated for 471 – 520 miles of range. With enough power for a 2.5 second 0-60 time, bested only by the Tesla Model S Plaid in the EV segment. Actually, very few cars period can claim such reality-warping acceleration. Unfortunately, the Air Dream Edition is no longer officially open for reservations. If you’re in the market for a state-of-the-art $169,000 luxury EV with supreme performance, Lucid says you can join the waitlist.
The next best thing is the Air Grand Touring, which now lists for $139,000. Clearly, Lucid Air pricing is unabashedly premium. The Air doesn’t flirt with the more economical price points that even Tesla wades into in the sub-$50,000 range. At least with the Lucid Air’s pricing, the target market segment is as clear as its panoramic roof. Here’s the full breakdown of trim levels for the 2022 Lucid Air.
Powerful Performance
Not only is the 2022 Lucid Air the longest-range EV on the market, it’s also one of the most powerful in the world with up to 1,111 horsepower and 1,390 lb-ft of torque in the Air Dream Edition. The less extravagant (and a bit less expensive) Air Pure still cranks out 480 horsepower from a single rear-wheel drive motor.
Behind the Air’s snappy performance is a compact yet innovative electric motor. Lucid’s team thought outside of the box, the electric motor box that is. They engineered the motor for better thermal management (essential in EVs) and triple the power density of competitors.
The Air’s electric powertrain was designed and developed in-house. The Air’s 900-volt electrical system is bidirectional. That means the Air can power household electronics and can even lend a “jump charge” to other EVs. The Air is capable of 19.2 kW of level-2 home charging, far higher than the competition. Most EV charging is done at home, so this is an overlooked feat of the Lucid Air’s engineering. At DC fast chargers, the Air can accept 300kW (or more) with the Air’s 800 volt architecture. More on that below.
Superior Fast-Charging
Gone are the days of EVs taking an hour of charging to make it the next 200 miles. Unless you buy a Chevrolet Bolt (please don’t buy a Chevy Bolt). Most 2022 model year electric vehicles can gain over 200 miles of range in about 30-40 minutes at a fast-charger.
The Lucid Air goes above and beyond. In just 20 minutes, the Air can add 300 miles of range at a DC fast charger like those at Electrify America stations. Plus, the Air comes with three years of free charging at Electrify America. The Air can accept up to 300 kW speeds at 800 volts. That’s the best in the market for now, and is surely a feat of battery thermal-management engineering. Tom Moloughney of InsideEVs confirmed these spectacular charging specs.
Lucid Air Pricing
The 2022 Lucid Air starts at $77,400, but most buyers will likely opt for the Touring and Grand Touring trims, which easily exceed well beyond $100,000.
Trim
Price
Range
Horsepower
Drivetrain
Air Pure
$77,400
406 mi
480 HP
RWD
Air Touring
$95,000
406 mi
620 HP
AWD
Grand Touring
$139,000
516 mi
800 HP
AWD
Dream Edition*
$169,000
520 mi
1,111 HP
AWD
*The Dream Edition is not currently available for ordering.
Interior and Tech: 5K screens, OTA Updates and All You Could Ask For
Stepping into the Lucid Air is perhaps the most science fiction-turned-reality experience you can buy. The unreal clarity of the ‘glass cockpit’ display is made possible by a 34-inch, 5K floating screen that sweeps around the driver, curving like the cockpit of a jet. It puts essential information into the driver’s sightline, with vehicle controls to the left, driving details in the center, and navigation and media to the right. An optional solid glass roof spans the entire cabin almost without interruption. It’s a more surreal view than even the Tesla glass roofs, except for maybe the Model X.
Lucid Motors has equipped all Air trims with Lucid DreamDrive, an advanced driver-assistance system. Lucid Motors claims that DreamDrive is the only driver assistance technology with the combination of an advanced sensor suite, high-resolution LIDAR, a driver monitoring system, and a fully redundant platform. Surreal Sound, Lucid Air’s immersive audio system, is powered by 21 speakers with Dolby Atmos technology, a first for autos.
Interior Space
On Lucid’s website, they boldly state “Cabin? More like mansion.” While that may be a bit of an exaggeration, an abundance of space welcomes drivers and passengers alike. About 98 cubic feet of passenger space is plenty big for a sedan. Seats, dash trims, and most other materials are sustainably sourced yet undeniably premium, as they should be for the price. Massaging seats are an option, but it’s kind of ridiculous that they’re not included with the $80,000+ car. The rear cabin fits three adults with segment-leading amounts of legroom. An optional Executive Rear Seating Package offers reclining rear seats. You know, private jet style. An optional Executive Rear Seating Package (with later availability) will offer a jet-style experience for two that lets you recline way back.
Plenty of Storage
First of all, the Lucid Air’s frunk, or front trunk, is the largest of any electric car at 10 cubic feet. The actual trunk is decently-sized at 16.2 cubic feet. However, it has some tricks up its sleeve. The trunk opens up to the rear cabin, making it possible to fit large items that normally a luxury sedan can’t handle.
Over-the-Air Updates
The 2022 Lucid Air receives over-the-air updates through its secure and high-speed Ethernet-Ring data network. Lucid plans to have full OTA functionality, meaning that updates to vehicle performance will be possible. So far, only Tesla has repeatedly and successfully upgraded vehicle range and performance for existing customers. Many legacy OEMs can update infotainment via OTA updates, but some still require a service center visit.
How Does the 2022 Lucid Air Compare?
We’ve already established that the Air is the ultimate highway warrior with EPA rated range of up to 520 miles. But how does the Lucid Air stack up to the competition? Is the Lucid Air better than a Tesla? We’ll let the specs speak for themselves. This vehicle is still so new to the market that it’s too early to draw conclusions with regards to reliability, but here’s how performance and price measure up to Tesla, Mercedes, and other luxury electric vehicles.
Price
Range
Horsepower
Charging*
Cargo Volume
Air Pure
$77,400
406 mi
480 HP
300 mi/20 mins
26 cubic feet
Air Touring
$95,000
406 mi
620 HP
300 mi/20 mins
26 cubic feet
Air Grand Touring
$139,000
516 mi
800 HP
300 mi/20 mins
26 cubic feet
Air Dream Edition
$169,000
520 mi
1,111 HP
300 mi/20 mins
26 cubic feet
Tesla Model S
$94,990
405 mi
670 HP
200 mi/15 mins
25 cubic feet
Tesla Model S Plaid
$129,990
396 mi
1,020 HP
200 mi/15 mins
25 cubic feet
Mercedes EQS 580
$119,110
340 mi
516 HP
300 mi/31 mins
25 cubic feet
Porsche Taycan
$187,600
260 mi
751 HP
195 mi/23 mins
14 cubic feet
* Charging estimates are provided by automakers as select examples of capability. Hence, the differences seen here in charge time.
With the Lucid Air pricing exceeding that of the popular and proven Tesla Model S, it’s a relief that so much range, luxury and performance is included. The only fault we see here is reliability. It’s simply too early to know how the Air will fare over time. The fact that Lucid has Tesla roots provides some comfort for the wary car buyer. Despite frequent fit and finish blunders and the occasional abysmal rating, Tesla actually has a solid reliability record when it comes to battery and powertrain performance over time and mileage.
How Can I Buy a Lucid Air?
If you’re sold on the 2022 Lucid Air, you can make a refundable deposit at Lucid’s website. The reservation deposit is $300 for the base Air Pure, and $1,000 for higher trims. As of early 2022, all except the debut Dream Edition are available for order.
CarEdge’s Take
The 2022 Lucid Air is the premier luxury electric vehicle for the time being. It may not have Tesla’s Supercharger network, but it has superior range, infotainment and luxury qualities. This is Lucid’s first powertrain, so time will tell if reliability and longevity are just as impressive.
Despite its strengths, this EV is still a niche product. The price alone will likely limit the popularity of this magnificent luxury EV. With Lucid Air pricing starting at $77,400, at least you know you’ll get your money’s worth. Is it the best luxury EV on the market today? It’s too soon to tell. Hopefully, CarEdge will get behind the wheel of the Air soon.
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Your opinion of electric vehicles likely depends on which side of the news you’ve seen. If you know anything about the Chevy Bolt hazard, you might even scurry to the other side of the street when you encounter one. But does the data support EV skepticism, or is the big picture something different altogether? Do we even have enough data to draw firm conclusions? It’s important to get down to the facts, and that’s our goal today. Here’s what crash test ratings, vehicle fire statistics and real-world data can tell us about electric car safety in 2022.
EV Crash Test Ratings
The National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) conduct standardized crash testing for vehicles that possess the potential to become popular and sell in big numbers. If it’s popular, they’re going to crash it and collect data. These two crash testing programs don’t treat electric vehicles any differently than they would a traditional combustion-powered vehicle.
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As a refresher, here are the crash tests conducted by the NHTSA and IIHS:
Frontal Crash Test
Side Pole Crash Test
Side Barrier Crash Test
Rollover Resistance Test
The following additional tests are conducted by the IIHS:
Moderate-Overlap Front
Driver’s-Side Small-Overlap Front
Passenger-Side Small-Overlap Front
Side Impact
Roof Strength
Head Restraints
How do electric vehicles perform in these crash tests? Take a look at the limited data we have.
The Insurance Institute for Highway Safety (IIHS) does not provide overall ratings. They instead provide dozens of ratings for many different safety metrics. You can check out their ratings here.
Takeaways From Crash Test Results
This data from the NHTSA and IIHS shows that while data is limited (but growing), all EVs tested so far have received excellent solid ratings. In fact, all eight electric models tested by the NHTSA in 2021-2022 earned five-star ratings. Considering that over 70% of EVs sold in the US are Tesla models, these ratings do represent the vast majority of EVs on American roads today. Still, far more testing is needed with so many electric models coming in 2022.
The IIHS sees the trends in their own data: EVs are actually making passenger vehicles safer than ever before. In a 2021 IIHS report on electric vehicle safety, they shared what they’ve learned so far.
“Evidence is growing that electric vehicles are at least as safe as conventional ones, with two more vehicles that run exclusively on battery power earning safety awards from the Insurance Institute for Highway Safety. In addition, an updated analysis of insurance data shows injury claims are substantially less frequent for such vehicles.”
Those are powerful words from an insurance-minded crash-tester. We definitely need more electric car safety testing. EV sales made up 6.5% of American auto sales in 2021, and that figure is expected to reach or exceed 40% by 2030. One useful safety test would be comparing how long it takes to extinguish a fire for each EV model. I’d love to see that testing implemented for the safety and preparedness of our first responders.
Are EV Batteries Safe?
Whether you prefer a vehicle that requires gasoline, diesel or battery packs, all vehicles are built to haul around what are essentially concentrated energy sources. That’s how the vehicle converts potential energy in the form of combustible carbon or electrons into kinetic energy to get you from A to B. The latest and greatest battery chemistries pack more power than ever before into battery cells, but they also claim to be safer. However, any concentrated energy source is volatile under certain conditions. That’s why we don’t light matches at the gas pump. What about EV batteries? Are they a fire hazard worthy of extraordinary caution?
The CarEdge team recently dug deep into the latest EV battery fires that have made the news, and our findings certainly shed light on the facts. Here’s a summary of what the data and engineering investigations featured in our EV battery fire report reveal.
Firefighting and DOT Fire Stats
Data compiled by the National Fire Protection Association (NFPA) and the US Department of Transportation shows that among all vehicle types, there’s an average of one vehicle fire per 19 million miles driven. Both the NFPA and the Center for Auto Safety say there is not yet a centralized database for electric vehicle fire statistics. In an effort to address the lack of information surrounding EV battery fires, Tesla decided to begin releasing statistics in their annual impact reports.
Data From Tesla
Tesla’s 2020 Impact Report says that from 2012-2020, there’s been one Tesla fire per 205 million miles traveled. The fact that Tesla models made up 79% of American EV sales in 2020 highlights the relevance of their data. Unfortunately, other automakers haven’t released comparable data (we’re looking at you GM!). We’re hopeful that will change soon.
Source: Tesla
This comparison doesn’t hide the fact that one other EV model has had major problems. The ongoing Chevrolet Bolt recall is costing GM and battery supplier LG a few billion dollars to resolve. There have also been sporadic incidents with other EVs. The Hyundai Kona briefly made headlines with multiple fires, but a fix was quickly implemented. It seems like every Tesla fire makes it into the news, even though there are not many.
Despite the statistics showing just how rare and isolated the events are, EV fires are real, and every one is worthy of proper investigation. The same goes for any vehicle fire.
Electric Vehicle Fire Hazards: First Responders
2024 Silverado EV WT
Although Tesla’s data suggests that EVs are less prone to car fires than combustion vehicles, there are major safety concerns for the firefighters who extinguish the flames when an EV fire does occur. Firefighters need special training to learn how to safely approach EV-related incidents, but only two-thirds of departments have had the opportunity due to funding constraints. Automakers need to come forward and support our first responders with training and resources to prepare for the electrification of the auto industry.
EV fires require A LOT more water to extinguish. Tesla’s First Responders Guide recommends 3,000 to 8,000 gallons of water on hand to put out a Tesla fire. Some fires have needed 30,000 gallons of water to extinguish. Basically, firefighters have to do whatever it takes to cool down the battery, and that’s really hard to do with so much energy densely packed into the pack. Once the fire appears fully extinguished, there’s a chance it could still flare up, even days later. Towing services and junkyards are advised to park damaged electric vehicles at least 50 feet from other vehicles in the yard. As EVs become more popular, that might not be feasible in just a few years.
EV Unintended Acceleration: What We Know
When cars launch full-speed ahead without warning, we have a major problem. Fortunately, that has not been proven to have occurred following dozens of investigations over the years. A number of serious accidents involving EVs have resulted in drivers claiming that the car accelerated on its own. Tesla vehicles have faced these accusations for years, but investigations have never found evidence of unintended acceleration. Plus, Tesla EVs are computers on wheels, and they maintain very detailed logs of all driver inputs. These logs are thoroughly inspected in every investigation.
The Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) determined that reports of sudden unintended acceleration involving four different Tesla models were due to user error. In other words, the driver mistakenly smashed the accelerator pedal. With so much torque and instant feedback, that’s enough to launch a Tesla like a rocket. Depending on where that rocket is aimed, it could go launching right into harm’s way. The lesson here? Powerful EVs demand more attention than some drivers are used to. Electric car safety features can only go so far if drivers are careless or over confident.
Hyundai recently recalled 2,700 2017-2019 Ioniq electric vehicles (the generation prior to the all-new Hyundai IONIQ 5) to correct a rare but scary defect that may cause the Ioniq to accelerate after the driver releases the accelerator pedal when in ‘limp mode.’ With no accidents reported, it appears as though Hyundai got ahead of this issue before anything tragic happened. As far as we (and the US government) know, no EVs have accelerated on their own without driver input.
Tesla Autopilot Safety
This is another headline grabber for Tesla. Anytime there’s a crash involving a Tesla on autopilot, it’s sure to make the news. Tesla Autopilot certainly has its faults, notably ‘phantom braking’ and difficulties with poor visibility. However, Tesla keeps track of their accident data from all Tesla vehicles worldwide, and this is what they’ve found as of December 2021:
“In the 4th quarter, we recorded one crash for every 4.31 million miles driven in which drivers were using Autopilot technology (Autosteer and active safety features). For drivers who were not using Autopilot technology (no Autosteer and active safety features), we recorded one crash for every 1.59 million miles driven. By comparison, NHTSA’s most recent data shows that in the United States there is an automobile crash every 484,000 miles.”
Although this is not independently verified, it’s intriguing data to say the least. Could Tesla Autopilot really be safer than human drivers? Considering that 15% of motor vehicle accidents in the US are attributed to driver distraction, it may not be all that surprising. More automakers are offering level 2 autonomous driving features. As Autopilot-like technology increases, electric car safety will be under the microscope. Learn more about Tesla’s annual safety report here.
CarEdge’s Take
Our goal at CarEdge is to provide you with factual information that’s useful for your decision-making process as you consider your next vehicle purchase. Why do we cover EVs so intently? Because industry insights show that major automakers are dead set on electrifying their entire lineups by 2035 at the latest. From Ford to GM and everyone in between, the story is the same. With hundreds of billions of dollars going towards EV development, it’s important to hold automakers accountable with such a nascent technology.
Over 2 million EVs are already on American roads and global EV sales totaled 4.5 million in 2021 alone. This is just the beginning. Sales of electric vehicles are expected to rise 75% to more than 8 million in 2022. Electric car safety is more important than ever. Are EVs safe? So far, it looks like electric vehicles are at least as safe as combustion vehicles. But when things go awry, EV fires are far more difficult to extinguish than what we’ve seen in the past, and that’s a concern worth addressing promptly at all costs. If you’re thinking about going electric for your next vehicle purchase, rest assured that EVs from Tesla, Ford, Volkswagen, Hyundai-Kia and others are ranked up there with the very best in the entire industry.
CarEdge Just Launched a New Search Engine to Make Buying Your Next Car Easier!
We have thousands of EVs (and other vehicles) listed today. Each listing includes industry insights, empowering data and the true TotalPrice that will make buying a car the transparent process it should’ve always been. Check it out here!
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