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Trump-related regulatory changes removed incentives for credit sales, requiring increased production volume for Lucid and Gravity.

1 report, 1 independent Updated Aug 12
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What happened

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Trump-related regulatory changes removed incentives for credit sales, requiring increased production volume for Lucid and Gravity.

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  1. Lucid and Rivian are selling regulatory credits to traditional manufacturers following the scrapping of fuel economy rules.Sub-event
  2. Regulatory incentives for credit sales were removed, prompting production volume increases for Lucid and Gravity.1 source

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Coverage

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  • Motley FoolLucid Stock: Can Gravity Production Volume Solve All Problems? The EV maker's second quarter fell short of Wall Street estimates. The loss of regulatory credit sales is a blow to Lucid and other EV m