Lucid Motors Sets Record As Gravity Sales Pick Up And Tax Credit Expires
Lucid Motors sets record as Gravity sales pick up and tax credit expires — signaling a major milestone for the luxury EV maker. The company delivered a record 4,078 vehicles in Q3 2025, fueled by the growing popularity of its new Gravity SUV and a final push from customers eager to use the expiring federal EV tax credit.
Image Credits:Sean O'Kane
A Record Quarter For Lucid Motors
The Saudi-backed automaker has faced a long road since going public in 2021, but recent numbers show steady improvement. Deliveries have now increased for seven consecutive quarters, proving that Lucid’s strategy may finally be paying off.
While the company’s 2021 projections were ambitious — tied to a $4 billion SPAC deal — this latest performance hints at a possible turnaround. The Lucid Gravity SUV appears to be playing a crucial role in boosting overall demand.
EV Market Momentum Continues
Lucid Motors wasn’t alone in celebrating a strong third quarter. Tesla posted its best quarterly performance ever, while Ford and General Motors also reported impressive gains in their EV divisions. Even Rivian, which expects lower overall deliveries this year, enjoyed a third-quarter lift.
This industry-wide surge reflects growing consumer confidence and broader interest in electric mobility, even as EV tax credits begin to phase out.
Tax Credit Expiration Adds Urgency
Only Lucid customers who leased their vehicles were eligible for the federal EV tax credit, but its expiration in late September 2025 created a sense of urgency. Analysts believe many buyers rushed to complete purchases before the benefit ended, contributing to Lucid’s record-setting quarter.
Still, it’s unclear how much of the growth came from Gravity SUV sales versus the company’s flagship Air sedan. Lucid plans to release full financial results on November 5.
Marketing Push And Global Expansion
Since going public, Lucid Motors has struggled to attract mainstream attention. Former CEO Peter Rawlinson admitted earlier this year that the company needed stronger marketing. To fix that, Lucid signed Timothée Chalamet as its first global brand ambassador, signaling a push toward younger, aspirational buyers.
Lucid has also benefited from rental partnerships and fleet sales, which have helped sustain revenue in slower quarters. The company’s growing presence in Saudi Arabia, where it already operates an assembly facility, further highlights its international ambitions. Over 1,000 vehicles have been built specifically for the Saudi market this year.
What’s Next For Lucid Motors?
As Lucid Motors sets record as Gravity sales pick up and tax credit expires, the focus now shifts to sustaining momentum without the benefit of federal incentives. Analysts are watching closely to see whether the company can maintain growth in 2026 — especially as new competitors enter the luxury EV space.
Lucid’s ability to scale production, strengthen brand recognition, and expand internationally will determine whether this record quarter marks a turning point or a temporary peak.
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