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Lucid says EV demand falling in US and Europe
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Lucid says EV demand falling in US and Europe
Automaker Lucid, backed by Saudi Arabia’s Public Investment Fund (PIF), says it is witnessing a drop in demand for electric vehicles across the US and Europe. The Trump administration ended a $7,500 US federal tax credit for EVs in October. “There is a slowdown, there’s no question about it,” interim CEO Marc Winterhoff told Bloomberg Television. He gave no reason for the deceleration in EV demand in Europe, but added that the company would laun…
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