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Lucid

Every EVXL story tagged “Lucid” — newest first.

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Porsche Bets On $165,000 Electric Cayenne Weeks After Declaring Luxury EV Pricing Model Broken
Porsche

Porsche Bets On $165,000 Electric Cayenne Weeks After Declaring Luxury EV Pricing Model Broken

Porsche unveiled the 2026 Cayenne Electric today, crowning it the most powerful production vehicle in the German automaker’s 77-year history with a staggering 1,139 horsepower. The launch comes just weeks after Porsche posted a $1.1 billion quarterly loss and declared that its luxury EV business model no longer works. The electric SUV will arrive in…

GM

GM Lays Off 3,300 EV Workers As Battery Plants Idle Following Tax Credit Expiration

General Motors is laying off more than 3,300 electric vehicle workers across Michigan, Ohio, and Tennessee as the automaker slashes EV production following the expiration of federal tax credits. The cuts represent one of the most significant workforce reductions in the industry since the $7,500 EV incentive ended on September 30, 2025. The layoffs come…

Rivian Spins Out $1B E-Bike and AI Startups to Fund Tech with VC Cash
Rivian

Read Rivian CEO’s Memo On 600+ Layoffs: What He Said—And What He Didn’t

Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural adjustments” for the upcoming R2 launch while conspicuously avoiding the financial crisis threatening the comp

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires
Tesla

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires

Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…

Ford

Rivian CEO Teases R4, R5, and Possible R6 as Affordable EV Roadmap Expands

Rivian CEO RJ Scaringe has hinted at a broader lineup of affordable electric vehicles, including the R4, R5, and potentially an R6, following the launch of the R2 in early 2026 and R3 in 2027. The comments came during his appearance on Daniel Tosh’s Tosh Show podcast, where he also discussed the company’s ongoing production…

Rivian

Rivian Faces $100 Million Revenue Loss as Fuel Economy Credit Program Stalls

One paused letter, nine figures on hold. Rivian says NHTSA’s paperwork freeze has iced $100 million in credit deals. Electric truck maker Rivian is bracing for a $100 million revenue shortfall after the Trump administration halted the issuance of compliance paperwork tied to U.S. fuel economy rules. The pause has frozen a regulatory credit market…

Rivian

EV Makers Launch Own Discounts Amid Delays in UK Government Incentive Scheme

Carmakers in the UK have initiated substantial price cuts on electric vehicles to leverage a surge in consumer interest, even as confusion persists over a newly announced government grant program that has yet to fully launch. This move highlights growing frustration among manufacturers with bureaucratic hurdles, prompting them to offer discounts matching or approaching the…

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