Lucid Group, an electric vehicle manufacturer, has selected Bank of America as its preferred lending partner. Customers can apply online at Bank of America or work through Lucid's groups agents to finance their vehicle, according to a press release.

Lucid provides the Lucid Air electric luxury sedan, which offers full-size interior space with a mid-sized exterior footprint, according to the release.

"Supporting the growing demand for electric vehicles through an innovative financing solution is a critical step toward a low-carbon future," Fabien Thierry, head of vehicle lending products at Bank of America, said in the release. "This financing solution was developed for Lucid to make it easier for customers to finance electric vehicles. This effort reinforces our $1 trillion commitment to environmental transition and other low-carbon solutions."

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