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Regulatory exemption can boost LCID's California addressable market and near-term sales, offering a tangible revenue driver if uptake materializes; limited to select models but subsidies can influence regional demand.
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The MyFirstEV program offers upfront incentives of $3,500 for new EVs and $1,750 for used ones, with caps on price. Exemptions for CA-headquartered, zero-emission makers allow Rivian and Lucid to participate regardless of sticker price, while Tesla would be largely excluded. If LCID wins California demand, the near-term revenue trajectory could improve as the program launches this summer.
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