Lucid Would Welcome Saudi Tariffs to Support Carmaking Ambitions

Saudi-backed electric-vehicle maker Lucid Group Inc. said the kingdom should consider tariffs on foreign cars to boost domestic auto manufacturing and cut reliance on imports.

Not doing so would “run the risk that you kill the industry in its infancy,” Interim Chief Executive Officer Marc Winterhoff said in an interview on the sidelines of the Saudi-US Investment Forum in Riyadh.