2024 Lucid Air TouringTrue Cost of Ownership in Philippines
620 hp all-electric. Full cost breakdown including import duty (30%), VAT (12%), insurance, fuel at ₱1.05/L, maintenance, and depreciation.
Purchase Price
$131K
Base: $90K
Annual Total
$27K
Insurance + fuel + maintenance
Import Duty
$27K
30% of base price
VAT
$14K
12% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$267K
Purchase + 5yr running costs
2024 Lucid Air Touring — Full Cost Breakdown in Philippines
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $90K |
| Import Duty (30%) | $27K |
| VAT / Sales Tax (12%) | $14K |
| Total Purchase Price | $131K |
| Annual Insurance | $750 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $643 |
| Annual Depreciation | $25K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $27K |
| 5-Year Total Cost of Ownership | $267K |
| Cost Per Kilometer | $1.810 |
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 — Philippines
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 Philippines.
$0 Fuel Cost
Electric vehicle — no gasoline required
Lucid Air Touring Depreciation Curve
The Lucid Air Touring loses approximately $51K (57%) of its value over 5 years.
Year-by-Year Value
| New | $90K | 100% |
| Year 1 | $65K | 72% |
| Year 2 | $56K | 62% |
| Year 3 | $49K | 54% |
| Year 4 | $43K | 48% |
| Year 5 | $39K | 43% |
Depreciation based on electric segment averages.
Lucid Air Touring vs. Competitors in Philippines
How does the Lucid Air Touring compare to similar cars available in Philippines?
Lucid
Air Touring
Base Price
$90K
Annual Cost in Philippines
$27K
Tesla
Model 3
Base Price
$42K
Annual Cost in Philippines
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Philippines
$5K
BMW
i4
Base Price
$56K
Annual Cost in Philippines
$8K
Annual costs estimated for Philippines market. Import duty (30%) and VAT (12%) applied to all models.
🇵🇭 Owning a Car in Philippines
Traffic congestion increases fuel costs.
Very Expensive for Philippines
Annual car costs = 776% of average Philippines income ($4K/yr)
Average Annual Income
$4K
In Philippines
Fuel Price
₱1.05/L
Gasoline dominant
Avg Car Insurance
$750
Per year
Import Duty
30%
On vehicle value
VAT / Sales Tax
12%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in Philippines
Lucid Air Touring in Philippines — Frequently Asked Questions
Common questions about owning a Lucid Air Touring in Philippines.
The 2024 Lucid Air Touring has a base price of $90,000 USD. In Philippines, after 30% import duty and 12% VAT, the total purchase price is approximately $131,040 USD (₱131,040 PHP).