According to foreign media reports, although market concerns that electric vehicle manufacturer Lucid may lose subsidies have caused its share price to fall to a new low, the company’s CEO Peter Rawlinson still downplayed the importance of the US electric vehicle tax credit to the company.
, On November 15, Rawlinson said in an interview that the company’s Air electric sedan, which starts at $69,900, was too expensive to qualify for U.S. tax credits.
Although some customers can receive a $7,500 tax credit by renting Air, the annual household income threshold still excludes many potential customers.
, When asked about the possible impact of Donald Trump’s return to the White House, Rawlinson said: “Of all the electric vehicle manufacturers, Lucid is actually the most unaffected.
” Photo source: Lucid, on November 15, Lucid’s share price fell 5.
8% to US$1.
96, the lowest intraday price since it went public in September 2020.
Lucid’s share price fell 4.
6% on November 14 after reports that Trump’s team was working on plans to eliminate the electric vehicle tax credit.
When asked if he was worried that Tesla CEO Elon Musk might get more preferential treatment from the incoming Trump administration, Rawlinson replied: “We have actually taken over Tesla’s technical leadership, but it hasn’t been recognized enough yet.
So, I think we are in a good position to deal with any similar storm.
“, Analysts expect Lucid to sell about 9,500 electric vehicles this year, a fraction of the approximately 1.
8 million Tesla expects to deliver.
Currently, Lucid’s only model on sale is the Air, but it has begun accepting bookings for its upcoming SUV model, the Gravity, which is scheduled to start production before the end of the year.
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