• Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
  • Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
EVMagz
No Result
View All Result

Lucid considering price increases after significant inflation pressure

by David Smith
March 18, 2022
in Lucid, News
0
Lucid Air
139
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Lucid is considering increasing the price of his product for future orders. Heavy inflationary pressures have forced Lucid executives to make those price changes, Thursday, March 17.

However, Lucid remains committed to respecting the orderers who have entered and providing the same price to them, without any increase or additional price.

“There is an inevitability that we will have to look at the price point of the models that will come out in the future,” CEO Peter Rawlinson told Reuters. This was forced to do because of the soaring price of nickel after Russia invaded Ukraine.

See also: Lucid plan to expand to Europe countries this year

“I think it would be foolish of me to say that we would never raise our prices,” Rawlinson said in an interview on the sidelines of the Southwest (SXSW) music, technology and film festival.

“What we want to do is to honor and keep our commitment to our existing orderers. I think that’s what was poorly received in the market with Rivian,” said Rawlinson.

He was referring to a decision this month by electric truck maker Rivian to raise prices on existing orders and then the decision to reverse course after consumers protested against it.

Tesla Inc recently also raised the prices for all the models it issued. It comes after CEO Elon Musk said the Tesla maker was facing significant inflationary pressures.

The current increase in the price of raw materials and logistics is inevitable, especially due to the wars between Ukraine and Russia.

Google News icon Follow EVMagz on Google News
Donate
Tags: Electric TruckLucidLucid AirNickelPriceRussiatechnologyukraine
Previous Post

Maserati offer electric versions of its entire lineup, starting with new 1,200hp GranTurismo EV

Next Post

Tesla factory in China resumes production after two days of closure due to Covid-19

David Smith

David Smith

Studied in management. David been covering the electric vehicle scene since 2010 with focus in sports and Europe EV Brand.

Next Post
Tesla Model S PLAID - Lucid considering price increases after significant inflation pressure

Tesla factory in China resumes production after two days of closure due to Covid-19

Discussion about this post

Support Our Work

Join us in advancing sustainable transportation! Support EVMagz by donating today. Your contribution helps us provide accurate and up-to-date info on electric vehicles and sustainable mobility.

Donate
  • Trending
  • Comments
  • Latest
003 Volvo 20EX30 exterior 120x86 - Lucid considering price increases after significant inflation pressure

Volvo Cars Introduces EX30 Electric SUV with Competitive Pricing

June 7, 2023
rear casting 120x86 - Lucid considering price increases after significant inflation pressure

Tesla Cybertruck Rear Castings Emerge at Giga Texas as Production Nears

June 6, 2023
Rivian gets the green light for sell its electric vehicles i

Real-World Testing Results of Rivian R1S Dual Motor Revealed by EPA

June 7, 2023
BMW LUCID 120x86 - Lucid considering price increases after significant inflation pressure

Who Wins the U-Drag Race: BMW M8 Competition or Lucid Air Grand Touring?

June 5, 2023
Tesla Cybertruck Sound 1 120x86 - Lucid considering price increases after significant inflation pressure

Tesla Cybertruck Rumored to Feature Impressive Audio System with Dual Subwoofers

June 4, 2023
volkswagen id3 meb produktion production zwickau 2019 04 min 120x86 - Lucid considering price increases after significant inflation pressure

Volkswagen to Reorganize Production in China, Focusing on Electric Cars

June 7, 2023
Fisker Ocean One 120x86 - Lucid considering price increases after significant inflation pressure

Fisker Secures Emission Credit Deal Amidst Economic Challenges and Price War in EV Market

June 7, 2023
2024 kia ev9 26 120x86 - Lucid considering price increases after significant inflation pressure

Kia America’s Transformation Enhances Brand Value, Attracts Affluent Buyers, and Boosts Average Transaction Price

June 7, 2023
Neta Export 120x86 - Lucid considering price increases after significant inflation pressure

Neta Auto Sends 4,000 Electric Vehicles to Overseas Markets in Latest Shipment

June 7, 2023
Aston Martin 120x86 - Lucid considering price increases after significant inflation pressure

Aston Martin Confirms Arrival of First Electric Vehicle in 2026, Prioritizes Plug-in Hybrids

June 7, 2023

Tags

Automotive autonom Autonomous Batteries Battery BYD Charging charging station China Commercial Vehicle Commercial Vehicles company Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy Europe Fast Charging Fleet Germany Hybrid Hydrogen Hyundai infrastructure Invest lithium Lithium-ion Model Y performance platform Price Production Range Sales Software Specification Specifications Supply Chain Sustainable technology Tesla Truck Volkswagen

About EVMagz

EVMagz is a website focused on reporting on electric vehicles industry. The site was officially launched at the end of 2021 and in a short period of time, with the expertise of the team, it has quickly become the website of choice for many people to get news about the electric vehicles.

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy
  • Contact

Browse by Tag

Automotive autonom Autonomous Batteries Battery BYD Charging charging station China Commercial Vehicle Commercial Vehicles company Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy Europe Fast Charging Fleet Germany Hybrid Hydrogen Hyundai infrastructure Invest lithium Lithium-ion Model Y performance platform Price Production Range Sales Software Specification Specifications Supply Chain Sustainable technology Tesla Truck Volkswagen

Networks

  • EnergyMagz
  • Smashfreakz
  • Teknowire

© 2023 Develop by EVMagz.

No Result
View All Result
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Guides
  • Sports
    • Formula E
    • MotoE
    • Rally1
  • Photos
  • Videos

© 2023 Develop by EVMagz.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup