Lucid Aims for 18,000 EVs Despite Market Challenges
Lucid Motors is on track to build up to 18,000 electric vehicles this year as it ramps up production in the face of market uncertainties. The company's interim CEO, Marc Winterhoff, told Bloomberg TV that despite a slowdown in demand after the $7,500 EV tax credit expired, Lucid remains committed to hitting its target.Key TakeawaysLucid on track for 18,000 EVs this year despite cutting production targets from an initial goal of 20,000 units due to market changes and external factors out of its control.The Gravity SUV will account for the majority of Q4 production as Lucid adds a second shift at its Arizona plant.While demand has slowed in the U.S., European deliveries of the Gravity are set to begin early next year, providing some insulation against market headwinds.The company's latest nu...