Lucid Air, the first model produced by Lucid Motors, is named the 2022 MotorTrend Car of the Year. MotorTrend announced on November 15, 2021 that it had won the the 2022 MotorTrend Car of the Year, the first instance in which the first product from a new automotive start up brand has been awarded the “Golden Calipers.”
Essential takeaways from the announcement include the following:
- Lucid Air awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors from major manufacturers
- The win marks the first time that the initial product from a new automotive company has been awarded MotorTrend’s flagship Car of the Year award
- Designed in Silicon Valley and produced in Arizona, Lucid Air delivers an industry-leading 500+ miles of range from Lucid’s proprietary powertrain technology, which is designed and built in-house
- Announcement follows the start of customer deliveries for the fully-reserved Lucid Air Dream Edition
One of the most prestigious awards in the automotive industry is the MotorTrend’s Car of the Year award. The win has affirmed Lucid Air as the new Electric Vehicle (EV) benchmark, with the most advanced electric powertrain available today and its technology wholly designed, developed, and manufactured in-house.
“Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement of our ability to deliver the most advanced electric vehicles in the world. Our objective of achieving range through efficiency and technical innovation is crystallized in Lucid Air, and we’re elated that this effort has been recognized by MotorTrend against such formidable competition from well-established automakers.”– said Peter Rawlinson, CEO/CTO, Lucid Group
MotorTrend’s judges evaluate car models on six key parameters- efficiency, value, advancement in design, engineering excellence, safety, and performance of the intended function. Lucid Air excelled at all.
This announcement was made just hours before Lucid Motor’s third quarterly results for the Fiscal Year 2021. Earlier, the company’s stock surged after Lucid Air Dream edition’s delivery event. As the markets closed, LCID was trading at $41.80, up +4.68 points (12.61%) for the day. In the after-market hours, the company was trading at $41.95, up by +0.15 points (0.36%).