Lucid Motors’ EV output falls to lowest level in almost 2 years

Lucid Motors’ EV output has fallen to its lowest level in almost two years as the company deliberately limits production. The move follows years of difficulty turning its premium electric vehicles into broader mass-market demand.

Lucid’s pullback highlights the widening gap between EV startups’ ambitious manufacturing plans and real consumer demand. It also suggests the premium EV segment may remain vulnerable as buyers become more price-sensitive and competition intensifies.