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A Lucid Air electric vehicle is displayed at a shopping mall in Scottsdale, Arizona, U.S., Sept. 27, 2021.
Hyunjoo Jin | Reuters
Lucid Group significantly increased its production and sales last year as it continues to ramp up production of its new Gravity SUV.
The all-electric vehicle manufacturer on Monday said its deliveries last year increased to 15,841 units, up 55% compared with 2024, including a more than 70% year-over-year increase during the fourth quarter.
The automaker also achieved a previously lowered production target of roughly 18,000 vehicles in 2025, down from an initial expectation of as much as 20,000 vehicles. It produced 18,378 units last year, including 8,412 EVs during the fourth quarter.
Much of that increase is likely due to a prolonged ramp-up of its Gravity SUV, which has faced a slew of challenges, primarily supply chain shortages, the company has said.
In addition to Lucid's own challenges, EV manufacturers face industrywide issues such as increasing costs because of tariffs and slower forecast sales of EVs, as well as regulatory changes that are negatively impacting sales and profits, including the end of consumer federal incentives.
