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Lucid Rises on Report EPA Recognized EV as Having Longer Range

Photographer: David Paul Morris/Bloomberg
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Shares of electric vehicle maker Lucid Group rose on Wednesday following reports that a version of its debut sedan was recognized by the U.S. Environmental Protection Agency as having the longest range ever for an EV.

The EPA awarded a version of Lucid’s battery-electric Air Dream Edition with an official rating of 520 miles of range on a single charge, Autoweek reported. The story was later removed from the website, but not before it was widely shared on Twitter.