Lucid Motors Sets Q3 Delivery Record Amid Expiring EV Tax Credit

Lilu Anderson
Photo: Finoracle.net

Lucid Motors Reports Record Q3 Vehicle Deliveries

Lucid Motors achieved a new milestone in the third quarter of 2025, delivering 4,078 vehicles — its highest quarterly total to date. This marks the seventh consecutive quarter of increased deliveries, signaling steady growth for the Saudi-backed luxury electric vehicle (EV) manufacturer. The delivery surge was likely driven by a combination of expanding availability of the Gravity SUV and a last-minute rush of customers capitalizing on the expiring federal EV tax credit, which had applied only to leased vehicles. Lucid Motors was part of a wider industry upswing in EV sales during the third quarter. Tesla recorded its strongest quarter ever, while traditional automakers such as Ford and General Motors also reported significant sales increases. Even Rivian, despite forecasting lower annual deliveries for 2025 compared to previous years, experienced a Q3 sales boost. However, the exact impact of the federal tax credit’s expiration on Lucid’s sales remains difficult to quantify, as only leased vehicles qualified. Additionally, the split between Gravity SUV and Air sedan deliveries has not yet been disclosed.

Expanding Footprint in Saudi Arabia

Saudi Arabia, which owns approximately 60% of Lucid Motors through its sovereign wealth fund, remains a key strategic market. The company announced it produced over 1,000 vehicles specifically for the Saudi market in Q3. Lucid operates an assembly facility within the Kingdom and plans to establish a full-scale manufacturing plant there.

Major Uber Partnership for Autonomous Robotaxis

In a significant development, Lucid Motors secured a deal with Uber to supply at least 20,000 Gravity SUVs over the next six years. These vehicles will be outfitted with autonomous driving technology developed by Nuro and deployed as robotaxis on Uber’s platform.

Efforts to Strengthen Market Position

Since going public in 2021 via a $4 billion SPAC deal, Lucid Motors has struggled to generate widespread consumer interest in its luxury EVs. Former CEO Peter Rawlinson acknowledged the need to enhance marketing efforts. Earlier in 2025, Lucid appointed actor Timothée Chalamet as its first global brand ambassador in a bid to raise visibility. The company has also relied on rental and corporate leasing sales channels to bolster delivery numbers in certain quarters.
Upcoming Financial Disclosure
Lucid Motors is scheduled to release its full financial results for Q3 2025 on November 5, providing further insight into its revenue, profitability, and outlook.

FinOracleAI — Market View

Lucid Motors’ record Q3 deliveries demonstrate positive momentum despite ongoing challenges in achieving scale and profitability. The expiration of the federal EV tax credit may have accelerated short-term sales, but sustaining growth will depend on product appeal, manufacturing capacity, and expanding market presence.
  • Opportunities: Expansion into Saudi Arabia with local manufacturing; Uber robotaxi contract securing long-term demand; growing luxury EV market segment.
  • Risks: Dependency on leased vehicle tax credits; intense competition from established EV manufacturers; scaling production while maintaining quality.
Impact: Lucid’s delivery growth and strategic partnerships position it well for future market expansion, but execution risks remain significant as the EV market matures.
Share This Article
Lilu Anderson is a technology writer and analyst with over 12 years of experience in the tech industry. A graduate of Stanford University with a degree in Computer Science, Lilu specializes in emerging technologies, software development, and cybersecurity. Her work has been published in renowned tech publications such as Wired, TechCrunch, and Ars Technica. Lilu’s articles are known for their detailed research, clear articulation, and insightful analysis, making them valuable to readers seeking reliable and up-to-date information on technology trends. She actively stays abreast of the latest advancements and regularly participates in industry conferences and tech meetups. With a strong reputation for expertise, authoritativeness, and trustworthiness, Lilu Anderson continues to deliver high-quality content that helps readers understand and navigate the fast-paced world of technology.