President Donald Trump issued an order for his administration to consider eliminating subsidies and other policies that favor electric vehicles. This action lays the groundwork for potential moves that could slow the adoption of cleaner cars in the U.S.
The order signals a potential shift in federal support for the EV industry, which could impact consumer incentives and manufacturing costs for companies like Lucid. Such policy changes introduce significant uncertainty for the market.
EV stocks, including Lucid, experienced declines following the announcement, as the industry braces for the implications of reduced government backing and potential changes to the regulatory landscape.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.