Lucid will increase EV deliveries by 55% in 2025, meets lowered steerage

Lucid Group considerably elevated its manufacturing and gross sales final yr because it continues to ramp up manufacturing of its new Gravity SUV.

The all-electric automobile producer on Monday stated its deliveries final yr elevated to fifteen,841 models, up 55% in contrast with 2024, together with a greater than 70% year-over-year improve through the fourth quarter.

The automaker additionally achieved a beforehand lowered manufacturing goal of roughly 18,000 automobiles in 2025, down from an preliminary expectation of as a lot as 20,000 automobiles. It produced 18,378 models final yr, together with 8,412 EVs through the fourth quarter.

A lot of that improve is probably going attributable to a protracted ramp-up of its Gravity SUV, which has confronted a slew of challenges, primarily provide chain shortages, the corporate has stated.

Along with Lucid’s personal challenges, EV producers face industrywide points resembling rising prices due to tariffs and slower forecast gross sales of EVs, in addition to regulatory modifications which can be negatively impacting gross sales and income, together with the tip of shopper federal incentives.