Lucid Motors deal could cost millions more in incentives than Arizona officials initially said
by Ronald J. Hansen and Yvonne Wingett Sanchez | The Republic
A day after Gov. Doug Ducey announced a startup car company would open operations in Arizona, lured by an estimated $5 million in state subsidies, Arizona officials acknowledged the state is actually offering a package that could be worth much more.
In a Wednesday afternoon email, a spokeswoman from the Arizona Commerce Authority said Lucid Motors could receive as much as $46.5 million in state aid that would be tied to milestones to help the facility begin producing electric luxury sedans by the end of 2018.
Additionally, the state’s incentives package uses three Arizona programs, not two programs as Sandra Watson, president and CEO of the Arizona Commerce Authority, described Tuesday.