22 Hrs
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2026-08-15T11:10:50.600Z

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J.P. Morgan exits Polymarket over regulation

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18 Hrs2026-08-15T15:09:00.000Z
J.P. Morgan exits Polymarket over regulation

Liverpool's path from debt to 7B valuation

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19 Hrs2026-08-15T14:41:00.000Z
Liverpool's path from debt to 7B valuation

Institutions Show Lack of Clear Tech Direction

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22 Hrs2026-08-15T11:12:00.000Z
Institutions Show Lack of Clear Tech Direction

Amazon restricts US court access

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23 Hrs2026-08-15T10:08:00.000Z
Amazon restricts US court access

Cryptocurrency funds face trillion-dollar losses

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23 Hrs2026-08-15T09:59:10.318Z
Cryptocurrency funds face trillion-dollar losses
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Lucid electric cars cost 60% less to maintain

Lucid electric cars cost 60% less to maintain

Lucid has concluded that the maintenance costs for electric vehicles are up to 60% lower compared to traditional cars, due to their simpler components and the reduced number of consumable parts that require regular replacement. Over the first five years, an electric vehicle typically needs to replace only 6 to 8 parts, whereas conventional petrol and diesel cars may require 25 to 30 parts. Additionally, regenerative braking systems help extend brake lifespan and reduce maintenance needs. Routine maintenance is usually performed every 10,000 kilometers or every six months, with software updates being important to enhance performance and component safety. This contributes to the overall ownership economy of electric vehicles, especially as an extensive service network, locally available spare parts, and Saudi technicians become more accessible. The aim is to reduce costs and improve efficiency in the Saudi market, amid the growing presence of electric vehicles from brands like Lucid, Tesla, and Chinese manufacturers.

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