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Lucid Motors Offers $7,500 Lease Discount to Offset Expiring EV Tax Credit
Lucid Motors Offers $7,500 Lease Discount to Offset Expiring EV Tax Credit
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BTCCSquare news:
Lucid Group (LCID -3.11%) is attempting to maintain its momentum in the U.S. electric vehicle market by introducing a $7,500 lease discount on its Gravity SUV. The incentive, available for orders placed by the end of September and deliveries between October 1 and December 31, 2025, aims to counterbalance the expiration of the federal EV tax credit.
The MOVE comes as Lucid faces headwinds, including slower-than-expected Gravity production and a challenging Q2 earnings report. While the company has delivered six consecutive quarters of record shipments, the U.S. EV market remains volatile—June saw a modest 4.6% increase in new registrations, but demand fluctuations are expected post-September as tax credit-driven purchases subside.
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