End of Tax Credit Could Be End of Lucid
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The potential end of a $7,500 federal tax credit for electric vehicles could significantly impact Lucid Group Inc., potentially threatening its business viability.
November 15, 2024 | 11:45 am
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Lucid Group Inc. may face significant challenges if the $7,500 federal tax credit for electric vehicles is discontinued, as this could reduce consumer incentives to purchase their vehicles.
The $7,500 federal tax credit is a significant incentive for consumers to purchase electric vehicles. If this credit ends, it could lead to decreased demand for Lucid's vehicles, impacting their sales and financial performance.
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