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Lucid: High-interest rates have hit demand for EVs, and auto manufacturers, led by the world's most valuable automaker Tesla , have responded by cutting prices.
Lucid EV: Over a year ago, Lucid, which is majority owned by Saudi Arabia's Public Investment Fund, and its peers had to raise prices of its cars as rising raw material prices and nagging supply chain bottlenecks sparked by COVID-19 hit the automotive industry hard. But rising interest rates to curb inflation and fears of recession have dampened consumer demand, prompting market leader Tesla to slash prices this year.
This EV-only company is tapping in the power of Apple's phone-to-car experiences. A car infotainment feature is already confirmed to arrive on Lucid, previously rumored in the industry, with the addition of Apple CarPlay support for users to connect their smartphones to the EV.
Lucid’s cheaper sedan electric vehicle (EV) is likely to debut this 2025. Lucid's cheaper all-electric sedan or EV might see the light of day sometime in 2025.
Updates for its all-electric SUV are also on their way. Lucid Motors is set to introduce its new EV lineup this November, including the all-new Air Pure.