(Bloomberg) -- Lucid Group Inc. Chairman Andrew Liveris said electric vehicles will become the “primary mode of transportation in our lifetime.”

• Shifting the majority of vehicles on the road to all-electric power would “of course” create enough room for Lucid to compete alongside market leader Tesla Inc., Liveris said in an interview on “The David Rubenstein Show: Peer-to-Peer Conversations” on Bloomberg Television
• Demand for oil and gas is likely to decline over time, though commodity prices are “impossible to predict” in the short term, Liveris said
  • Coal is “destined to be phased out”
• Liveris, who as part of a coalition of business leaders helped build support for President Joe Biden’s infrastructure bill, said “short-termism” has hampered the US when it comes to improving infrastructure
  • Public-private model of investment is better than the current tax-and-spend approach, Liveris said
• As head of the organizing committee for the 2032 Olympics in Brisbane, Liveris has started preliminary planning for the event
  • Liveris said he’s actively recruiting a CEO for the effort

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