Lucid Achieved What Many EV Brands Couldn’t After the Tax Credit Reduction | Carscoops

      While the majority of EV manufacturers experienced a decline following the tax credit cuts, one SUV release and an unexpected incentive allowed this brand to prosper instead.

      Lucid saw a 104 percent increase in 2025 sales compared to 2024 figures. The launch of the Gravity SUV significantly boosted its performance in Q4. Deliveries in Q4 rose 31 percent, marking Lucid's strongest quarter to date.

      Despite a notable decline in EV demand across much of the U.S. market, Lucid achieved its best quarter yet. Following the Trump administration's decision to eliminate the $7,500 federal EV tax credit at the end of September, most automakers experienced a drop in EV sales during the final part of 2025. However, Lucid defied the trend and ended the year on a positive note.

      The company reported building 8,412 vehicles in Q4 2025, representing a 116 percent increase from the previous quarter. Deliveries also reached 5,345, an increase of 31 percent. For Lucid, this was not just an improvement; it marked the highest-performing quarter of the entire year.

      The beginning of 2025 was less encouraging, with Lucid producing only 2,121 vehicles and delivering 3,109 in the first quarter. The second quarter saw an improvement with 3,863 vehicles built and 3,309 delivered. By Q3, production slightly increased to 3,891, and deliveries rose to 4,078.

      Lucid's annual production and sales figures were also robust. It produced 18,378 vehicles in 2025, a 104 percent increase from the previous year. Deliveries totaled 15,841, indicating a 55 percent year-over-year rise.

      Contributing to Lucid's increase in production and sales during the latter part of 2025 was the introduction of the all-electric Gravity SUV. While the company has not yet revealed the number of Gravity units produced, sold, or delivered, its impact on the quarter’s growth is evident, though the exact extent is still uncertain.

      One significant factor in helping Lucid avoid the sales downturn seen by competitors is its Advantage Credit program. This was introduced to cushion the impact of the lost federal incentive, offering a $7,500 credit for new Gravity orders. Initially set to expire at the end of December, it has now been extended through January 18. Although it is not a permanent solution, it provides immediate assistance to buyers affected by the tax credit reduction.