Lucid’s (LCID) EV sales climbed 50% in January after launching its new Gravity electric SUV

After launching its first electric SUV in December, Lucid’s (LCID) US sales climbed 51% last month from a year ago. According to a new report, Lucid sold 50 Gravity models in its first month on the market.

Lucid Gravity boosts EV sales higher in January 2025

After four straight quarters of annual sales growth in the US last year, Lucid looks to be off to a strong start in 2025. According to sales data from Motor Intelligence released on Monday, Lucid sold 665 vehicles last month, up 51% from January 2023.

The data shows 615 Lucid Air sedans were sold, while the new Gravity electric SUV contributed another 50 in sales. Lucid delivered the first Gravity models in December 2024.

Although Lucid’s sales were up from last year, they were still lower than the record 780 vehicles sold in December.

Like most automakers, Lucid’s sales fell sequentially due to typical seasonal trends. Ford, Hyundai, Honda, Kia, and others reported higher YOY EV sales in January this week, but they were also lower than in December.

Lucid confirmed that Gravity drivers can now officially charge up at Tesla Superchargers. The Gravity was the first non-Tesla sold with a native NACS port.

Powered by a new 926V powertrain, the Gravity can achieve charging speeds of up to 400 kW. At peak rates, Lucid said the electric SUV can sustain “a robust charging curve,” claiming it can add 200 miles range in less than 12 minutes.

With a 123 kWh battery and Lucid’s advanced powertrain tech, the Gravity has an EPA-estimated range of 450 miles.

The Lucid Gravity Grand Touring trim is available to order, starting at $94,900. Later this year, Lucid will launch the lower-priced Touring model, which will start at $79,900.

Lucid Air owners will also be able to charge up at Tesla’s Supercharging network soon. The company said it expects Air owners will gain access in Q2 2025.

Lucid’s stock is up over 45% after hitting a new low of under $2.00 per share in December. However, LCID shares are still down 10% over the past 12 months and over 95% from their all-time high in 2021.

Electrek’s Take

Can Lucid keep up the momentum in 2025? Adding the Gravity into the mix is expected to help boost sales this year, especially with the more affordable Touring trim coming soon.

The Gravity will compete with other luxury electric SUVs like Rivian’s R1S and Tesla Model X. It will also rival the incoming Hyundai IONIQ 9 and Volvo EX90 three-row electric SUVs.

Although Tesla doesn’t release monthly US sales numbers, Electrek reported yesterday that the EV leader’s sales dropped by double-digits in California last year, its first annual sales drop.

Will Lucid and others narrow the gap with Tesla this year? Let us know what you think in the comments below.

Source: Motor Intelligence