Lucid CEO Sees Definite EV Demand Slowdown in US and Europe
Lucid Group Inc. is seeing clear deceleration in demand for electric vehicles in both the US and Europe, the manufacturer’s top executive said. The discontinuation of federal tax credits in the US pulled EV purchases forward into the third quarter, Marc Winterhoff, Lucid’s interim chief executive officer, told Bloomberg Television on Wednesday. The first batch of Gravity sport utility vehicles — Lucid’s second model, after the Air sedan — will arrive in Europe late this year, with deliveries starting in t ...