2023 Lucid Air TouringTrue Cost of Ownership in Canada
620 hp all-electric. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$106K
Base: $95K
Annual Total
$31K
Insurance + fuel + maintenance
Import Duty
$6K
6.1% of base price
VAT
$5K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$262K
Purchase + 5yr running costs
2023 Lucid Air Touring — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $95K |
| Import Duty (6.1%) | $6K |
| VAT / Sales Tax (5%) | $5K |
| Total Purchase Price | $106K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $27K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $31K |
| 5-Year Total Cost of Ownership | $262K |
| Cost Per Kilometer | $2.086 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Lucid Air Touring Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Lucid Air Touring runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Canada.
$0 Fuel Cost
Electric vehicle — no gasoline required
Lucid Air Touring Depreciation Curve
The Lucid Air Touring loses approximately $54K (57%) of its value over 5 years.
Year-by-Year Value
| New | $95K | 100% |
| Year 1 | $68K | 72% |
| Year 2 | $59K | 62% |
| Year 3 | $51K | 54% |
| Year 4 | $46K | 48% |
| Year 5 | $41K | 43% |
Depreciation based on electric segment averages.
Lucid Air Touring vs. Competitors in Canada
How does the Lucid Air Touring compare to similar cars available in Canada?
Lucid
Air Touring
Base Price
$95K
Annual Cost in Canada
$31K
Tesla
Model 3
Base Price
$42K
Annual Cost in Canada
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Canada
$5K
BMW
i4
Base Price
$56K
Annual Cost in Canada
$8K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Expensive for Canada
Annual car costs = 65% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Lucid Air Touring in Canada — Frequently Asked Questions
Common questions about owning a Lucid Air Touring in Canada.
The 2023 Lucid Air Touring has a base price of $95,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $105,835 USD (C$105,835 CAD).