The American government made a number of changes to the EV tax credit that went into effect on January 1
Several electric automobiles were removed from the qualifying pool as a result of price
These specifications eliminated the majority of Tesla cars from the running, as well as Lucid's luxurious Air EV sedan.
Unlike its main competition, Lucid entered 2023 with a few advantages.
They have a legal snag that, for the time being at least, will let their clients take the credit.
Yet, the much-lauded newcomer hasn't yet succeeded in deposing Lord Elon.
It's interesting to note that Lucid CEO Peter Rawlinson was a member of the team that created the Tesla Model S.
BMW to work on the Hyundai N, Rawlinson was eager to exploit his experience to outdo his former boss.