- Lucid reported record vehicle production in 2025, despite the challenging environment for EVs.
- The company cranked out 18,378 vehicles last year, about twice as many as it did in 2024.
- Production and deliveries grew in Q4 too, despite the end of the U.S. EV tax credit.
Lucid Motors reported record fourth-quarter and full-year production numbers on Monday, indicating solid growth amid a tough environment for electric vehicles.
Lucid produced 8,412 vehicles in Q4, a 116% jump over Q3. It delivered 5,345 EVs during that period, a 31% increase over Q3. That's despite the end of U.S. EV tax credits in September, which sent America's electric car sales sinking.
For the full year, the startup produced 18,378 vehicles, just over double the 9,029 units it cranked out in 2024. Full-year deliveries came in at 15,841 vehicles.
While Lucid remains a small player in the EV space overall, that strong growth—especially toward the end of the year—could mean that Lucid has made headway on the manufacturing bottlenecks that initially stunted output of the new Gravity SUV.
Lucid doesn't break out its numbers between the Air sedan and Gravity, so that's not clear yet.
Lucid met its revised annual production goal of around 18,000 cars, but fell short of the 20,000-unit target it set early in 2025. In part, that's because production of the Gravity has gotten off to a slow start.
In August, Interim CEO Marc Winterhoff said the company is "not where we want to be" when it came to Gravity production. He called out supply chain hiccups like the export ban of permanent-magnet motors from China, but said he expected production to accelerate through the end of the year.
The three-row SUV is supposed to be Lucid's volume seller until a more compact, $48,000 Tesla Model Y rival arrives later this year. So far, that vehicle is only known as "Project Midsize," and it is the first of several new EVs on an updated platform.
Investors will definitely be looking out for more details on Gravity production—and Project Midsize progress—during the startup's next earnings call, which is scheduled for February 24 at 5:30 PM Eastern.
Contact the author: Tim.Levin@InsideEVs.com
