A Strong Quarter Amid a General Downturn
Despite a sharp decline in demand for electric vehicles in most US markets, Lucid managed to post its best quarterly results in its history. After the Trump administration’s decision to cancel the $7,500 federal tax credit in late September, most automakers recorded a drop in EV sales in the final months of 2025. Lucid, however, moved in the opposite direction and ended the year with notable growth.
The company reported that in the fourth quarter of 2025, it produced 8,412 vehicles, which is 116 percent more than in the previous quarter. Deliveries to customers also increased to 5,345 units, up 31 percent. For Lucid, this is not just an improvement, but the most successful quarter of the entire year.
Annual Dynamics and the Role of the New SUV
The beginning of 2025 looked much less promising. In the first quarter, Lucid produced only 2,121 cars and delivered 3,109. The second quarter showed progress: 3,863 cars produced, 3,309 delivered. By the third quarter, production slightly increased to 3,891 units, and deliveries rose to 4,078.
Lucid’s production and sales figures for the full year 2025 were also high. For the year, the company produced 18,378 vehicles, which is 104 percent more than the previous year. Deliveries reached 15,841 units, meaning annual growth of 55 percent.
The launch of the all-electric Gravity SUV helped boost Lucid’s production and sales in the second half of 2025. Although the company has not yet disclosed exactly how many Gravity vehicles were produced, sold, or delivered, its presence clearly contributed to quarterly growth. To what extent exactly – is still unclear.
Lucid’s Own Support Program
One likely reason why Lucid avoided the sales slump observed in other manufacturers is its own Advantage Credit program. Created to mitigate the loss of the federal incentive, Lucid introduced its own $7,500 credit, which applies to new Gravity orders.
The program was initially planned to end in late December but has now been extended to January 18. While not a permanent solution, it offers a short-term way out for buyers who found themselves in a difficult situation after the tax credit cancellation.
Lucid’s success in the fourth quarter, especially in contrast to the overall trend, highlights the importance of flexibility and rapid response to changes in the regulatory environment. The launch of the new Gravity model served as a kind of catalyst, but without its own financial support program to compensate for the loss of the government incentive, the result could have been different. This experience demonstrates how automakers can partially take on the role of the state in stimulating demand during key transitional periods, although the long-term economic feasibility of such steps remains questionable. The future will show whether the company can maintain this positive momentum after the expiration of the temporary credit program.