American carmaker Lucid Motors has launched the much anticipated Lucid Air electric sedan in a web event. Lucid Motors confirmed that the deliveries of this new electric luxury sedan will begin in the spring of 2021. The company claims it to be the fastest charging electric vehicle, as it is capable of charging up to 20 miles per minute after it is connected to a DC Fast Charging network. It also has a compact 113kWh extended-range battery pack. The pricing of these new Lucid Air will be slated at $80,000 (Rs.59 lakh), while the top-end variant Air Dream Edition costs $169,000 (Rs.1.25 crore).