TECH - Tesla Competitor Lucid Says There's Enough Room For Everyone In EV Market As The Internal Combustion Engine Fades Away | Benzinga
In the ever-evolving world of electric vehicles (EVs), Tesla Inc. is the cream of the crop. While Elon Musk's company is the "cool kid on the block," there's plenty of opportunity for other EV manufacturers to grab a piece of the pie.
Lucid Group Inc. is one such company, with Andrew Liveris, former CEO of The Dow Chemical Co. and a Lucid board member, stating in an interview, "I'd like to think that there's enough total available market for all of us as internal combustion engines fade away."
While Lucid is far from Tesla in regard to brand recognition, sales and the number of vehicles on the road, this take from Liveris provides insight into what to expect from the EV industry in the years to come.
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