Lucid May Introduce A Tesla Model 3 Rival In The Near Future | Carscoops carscoops
reports that Lucid has spoken about a new platform they are working on for more mainstream luxury vehicles. Thanks to smaller proportions, a more compact Lucid would need fewer batteries and smaller motors, helping to bring prices down. With the lowered expectations for materials quality in the likes ofand its ilk, Lucid could get the price down to around $50,000. Naturally, the platform could also be used for a similarly sized crossover.
Lucid is unlikely to bring a third vehicle to market before 2025, but the automaker is in the process of expanding its Arizona factory threefold. The company hopes that the expansion will allow it to build 400,000 vehicles per year— a production capacity that would be easier to fill with a more affordable EV, like a Model 3 rival.
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