The auto industry is transforming through the rapid electrification of vehicles. However, the transition is not as smooth as it was earlier expected to be. Although Electric Vehicle (EV) sales are growing in the United States, the pace of growth has slowed, supposedly due to a lack of sufficient charging infrastructure and affordable options.
Against this backdrop, EV-maker Lucid Group, Inc. (LCID) delivered less-than-expected vehicles in the third quarter, with quarterly deliveries coming in at 1,457, while analysts polled by FactSet had expected it to deliver about 2,000 vehicles.
