Challenges and Opportunities in the EV Market

Lucid Motors, an EV startup, is facing continued financial losses despite the quality of their cars. Meanwhile, General Motors is on track to achieve profitability in the EV sector by year’s end. Vice President Kamala Harris announces a $100 million initiative to support the transition to electric vehicles. The EV startup conundrum persists as challenges remain for startups like Lucid to compete with established players like Tesla.