Some forecasts peg "LCID stock forecast 2030" at a $70B market cap scenario if Lucid captures 5% of the global EV unit volume by that year. Archer has two strengths that Lucid lacks: an early mover's advantage in a nascent market, and a lot of pent-up demand for its products. Lucid entered the EV market long after Tesla and other EV makers saturated the market, and it quietly stopped disclosing the size of its reservation backlog (which had been shrinking) at the start of 2023. Solid Power (NASDAQ: SLDP ) is among the penny electric vehicle stocks that I would hold in my portfolio. Of course, the risk is high, but if the company can commercialize solid-state batteries, returns would be multibagger from current levels of $1.5. The "LCID stock forecast 2030" suggests potential long-term upside if Lucid Motors can scale production and reduce costs. Analysts project annual revenue growth over 20% through the late 2020s, driven by EV market penetration and partnerships in Europe and the Middle East.