Trump's Bill Would End EV Subsidies: Could That Bankrupt Lucid Group?
Lucid Group (NASDAQ: LCID) is growing its electric vehicle (EV) sales rapidly right now. In 2025, analysts expect its revenues to jump by 73%, and in 2026, they anticipate an even faster growth rate approaching 100%. There's just one problem: Included in Trump's "One Big Beautiful Bill" is a provision that would eliminate the federal tax credits for electric vehicles. That would effectively raise the prices of EVs by $4,000 to $7,500 -- a huge potential blow to demand. When you look at the numbers, things could quickly get ugly for Lucid. But there's also some reason for hope. Lucid's sales growth over the next couple of years will primarily be driven by its recently introduced Gravity SUV. Previously, the company only offered its Air sedan, which ranged in price between $70,000 and around $100,000 depending on the configuration. SUVs, however, are much more popular than sedans in the U.S. right now. Continue reading
Lucid Group (NASDAQ: LCID) is growing its electric vehicle (EV) sales rapidly right now. In 2025, analysts expect its revenues to jump by 73%, and in 2026, they anticipate an even faster growth rate approaching 100%.
There's just one problem: Included in Trump's "One Big Beautiful Bill" is a provision that would eliminate the federal tax credits for electric vehicles. That would effectively raise the prices of EVs by $4,000 to $7,500 -- a huge potential blow to demand. When you look at the numbers, things could quickly get ugly for Lucid. But there's also some reason for hope.
Lucid's sales growth over the next couple of years will primarily be driven by its recently introduced Gravity SUV. Previously, the company only offered its Air sedan, which ranged in price between $70,000 and around $100,000 depending on the configuration. SUVs, however, are much more popular than sedans in the U.S. right now.
