Lucid eyes increasing prices on rising inflation

Lucid Motors that it studies a possible hike of future model prices.

CEO Peter Rawlinson told Reuters that Lucid will have to look at the price of models in the future because of inflationary pressures.

He stressed on keeping and honoring the company’s commitments to existing reservation holders.

This comes in a time when some electric car manufacturers including Tesla, Rivian and BYD Auto rose vehicle prices on higher costs.