Lucid Built Twice as Many EVs in 2025, But Can It Sell Them All?

Lucid Motors built twice as many vehicles in 2025 as it did the year before, cranking out 18,378 EVs and delivering 15,841 of them. That 104% production jump and 55% delivery gain suggest the startup has finally found its footing on the factory floor after a rocky Gravity SUV launch. The question now is whether it can turn that momentum into a sustainable business in a tougher luxury EV market.

Production Doubles, But Old Promises Look Very Far Away

The raw numbers are Lucid’s best yet, as the company built 8,412 vehicles in the fourth quarter alone, more than it managed in the entire first half of the year. It also slightly beat its own guidance of “around 18,000” vehicles for 2025, a welcome change from the under-delivery that defined its early years.

Stack that against the projections Lucid floated when it went public in 2021, though, and the gap is brutal. Back then, the company told investors it would deliver 135,000 vehicles in 2025: 86,000 Gravity SUVs, 42,000 Air sedans, and 7,000 mid-size EVs. Reality landed an order of magnitude lower. That matters for confidence, even if the cars themselves are good enough that Lucid just edged past Tesla and Porsche to be named the best luxury EV brand for 2025.

Lucid also built more vehicles than it sold, adding roughly 2,500–2,600 units to inventory over the year. That is a sign that getting the factory up to speed was only half the problem; finding enough buyers at current price points remains the other half.

Gravity’s Rough Start Shows In The Details

A lot of 2025’s story revolves around the Gravity SUV. Lucid struggled early in the ramp with supply chain bottlenecks, software integration issues, and quality snags specific to the new platform. Things got messy enough that interim CEO Marc Winterhoff emailed customers in December to acknowledge “lingering software problems” and say he shared their frustration.

By the end of the year, things were getting sorted out, and Gravity really boosted Q4 sales. The introduction of a more affordable Gravity Touring trim, priced at about $79,900, made a big difference. Meanwhile, Lucid relied on promotions to keep the Air sedan selling, and on the product side, Gravity itself looks competitive.

Next: A $50,000 Mid-Size EV And A Reputation To Defend

The strong finish to 2025 sets up a crucial year ahead. Lucid is preparing to launch the first model on its new mid-size platform, with a target price around $50,000. That will drop it into the same rough space as the Tesla Model Y and Rivian’s upcoming R2, where volumes are bigger but buyers are harsher on value.

If Lucid can carry over the efficiency and refinement that won it luxury EV bragging rights, and avoid repeating Gravity’s early quality missteps, the doubled output in 2025 will look like the start of a real ramp. If not, those old SPAC-era promises will keep haunting it, no matter how fast the Casa Grande plant can run.