2022 Lucid Air Loses 70% of Its Value in Four Years — Here’s How It Stacks Up Against Tesla, Audi, and Mercedes

The 2022 Lucid Air Grand Touring, which debuted with an MSRP of $154,000, has plummeted to just $44,800 after four years—a jaw-dropping 73.2% depreciation, according to Kelley Blue Book (KBB). Real-world listings on Autotrader confirm the trend, with clean, average-mileage examples now priced around $45,000, translating to a 70.8% drop in value.

This makes the Air one of the most aggressively depreciated EVs on the market, creating a rare sub-$50,000 entry point for a once six-figure luxury sedan. The steep decline mirrors broader EV depreciation patterns but stands out given Lucid’s early reputation for efficiency and record-setting performance.

The Air’s 2022 model year debut marked Lucid’s first major production push, with just 7,180 units built that year—fewer than 4,400 of which were Airs. Today, nationwide listings for the 2022 Air total just 75, reflecting both limited supply and surging demand for discounted examples.

Compared to rivals, the Air’s depreciation outpaces even premium EV sedans like the Tesla Model S, Audi e-tron GT, and Mercedes-Benz EQS Sedan. KBB estimates show the 2022 Tesla Model S (originally $101,190) now worth $42,500—a 58.1% drop—while CarGurus listings for non-Plaid trims cluster between $42,000 and $45,000.

The Audi e-tron GT Premium Plus (MSRP $103,895) has fallen to $38,300 (63.1% depreciation), with most listings around $38,000. Mercedes’ EQS 450+ Premium (originally $103,360) is down to $35,300 (65.8%), with CarGurus showing prices between $32,000 and $33,000.

Despite the Air’s higher original price, its current $45,000 sticker puts it in a competitive bracket, offering more range and tech for the money than its German rivals. The data underscores a brutal truth: early adopters of high-end EVs are paying a premium for depreciation, not just performance.