Reuters
(Reuters) -Lucid Group reported second-quarter deliveries above market expectations on Monday, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at a slower-than-expected pace in the past year, pressured by high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives. EV market leader Tesla and others, including Lucid, have responded by slashing prices and offering incentives such as cheaper financing options to lure consumers.