Lucid is preparing a new electric vehicle set to sell for under US$50,000, directly positioning it against Tesla’s Model Y and Model 3. Following its high-end Air line of sedans and a three-row SUV, the company’s move to a more affordable offering signals a new chapter in the competitive EV market.

Toyota has further reduced the monthly lease on its 2025 bZ4X electric SUV by US$20, bringing the cost down to US$179. This new rate, available until the end of September and lower than a Corolla lease, signals Toyota’s commitment to making electric vehicles more affordable.