Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Lucid (LCID) has no plans to launch a $20,000 EV, but it could help create one (electrek.co)

submitted 2 days ago by threelonmusketeers@sh.itjust.works to c/electricvehicles

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Regarding a $20K or $25K EV, the company’s advanced tech will “enable that tomorrow,” Rawlinson said, but it will not be a Lucid vehicle. When asked, “Are you going to build that $20,000 vehicle?” Lucid’s CEO responded, “No, because that market sucks.”

The mass market segment has “terrible low margins,” and that’s not where the company is trying to compete.

Lucid is focused on efficiency or enabling more range with fewer batteries. To promote widespread adoption, Rawlinson said we must hit the core issue: the cost of batteries as a function of their size.

Rawlinson explained that Lucid is “commercially viable in the future.” He believes that is where Lucid could have an opportunity to license its tech.

Rawlinson said other OEMs already have the manufacturing network and could put such a vehicle in place.

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