- Lucid sets record vehicle production in 2025, despite the challenging environment EVs face.
- The company produced 18,378 vehicles last year, about double what it did in 2024.
- Production and deliveries also grew in the fourth quarter, despite the expiration of the US electric vehicle tax credit.
Lucid Motors reported record production numbers for the fourth quarter and full year on Monday, indicating strong growth amid a challenging environment for electric vehicles.
Lucid produced 8,412 vehicles in the fourth quarter, an increase of 116% from the third quarter. It delivered 5,345 electric vehicles during that period, an increase of 31% from the third quarter. So though US EV tax credits end in SeptemberWhich led to a decline in electric car sales in America.
Over the full year, the startup produced 18,378 vehicles, just over double the 9,029 units it produced in 2024. Deliveries for the full year amounted to 15,841 vehicles.
While Lucid is still a small player in the electric vehicle space overall, this strong growth — especially at the end of the year — could mean Lucid has made inroads into the electric vehicle space. Manufacturing bottlenecks This initially halted production of the new Gravity SUV.
Lucid hasn’t specified its numbers between the Air sedan and the Gravity, so that’s not clear yet.
Photo: Mac Hogan/InsideEVs
Lucid met its revised annual production target of about 18,000 vehicles, but fell short of the 20,000-unit target it set in early 2025. That’s partly because Gravity production got off to a slow start.
In August, interim CEO Mark Winterhoff said the company was “not where we want to be” when it came to producing Gravity. He pointed to hiccups in the supply chain such as a ban on the export of permanent magnet motors from China, but said he expected production to accelerate until the end of the year.
The three-row SUV should be Lucid’s biggest seller until a more compact $48,000 Tesla Model Y competitor arrives later this year. Until now, this car is known as “Medium sized project“, which is the first of many new electric vehicles on an updated platform.
Investors are sure to be looking for more details about Gravity’s production — and progress on the mid-sized project — during the startup’s next earnings call, which is scheduled for February 24 at 5:30 p.m. ET.
Contact the author: Tim.Levin@InsideEVs.com
