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Lucid Motors CEO sees $25,000 electric cars in 4 years

Joann Muller of Axios reports that Lucid Motors CEO envisions electric cars costing $25,000 in four years.

>>>READ: Power industry teams up on highway EV charging<<<

The C3 Take
  • Lucid is a startup that recently disrupted the EV market with the release of its Air Dream model. The Air Dream has an unprecedented driving range of 520 miles and costs $170,000.
  • Lucid’s CEO Peter Rawlinson expects that as more companies begin to produce electric vehicles prices for EVs will begin to drop significantly.
  • Market forces, not government subsidies which often lead to cronyism, are our best tool to drive down costs for electric vehicles in a manner that benefits consumers, businesses, and the environment.

“The $169,000 Lucid Air Dream, while financially out of reach for most people, has an unprecedented 520-mile driving range — efficiency that can be carried over to lower-priced models.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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