- The particular $7,500 credit score is offered for leases finalized between October 1 and December 31.
- Lucid at the moment gives only a single model of the Gravity, priced from $94,900.
- Subsequent yr, a Touring model of the Gravity will launch and begin at $79,900.
When you’re available in the market for a luxurious all-electric SUV just like the Lucid Gravity, now may be the very best time to get behind the wheel of 1. The Trump administration is abolishing the $7,500 federal EV tax credit score on the finish of September, which is able to make eligible EVs way more costly. Fortuitously, Lucid is stepping in and can proceed to supply a $7,500 credit score via to the top of the yr.
Lucid has introduced that qualifying lessees who place an order for a brand new Lucid Gravity and finalize a lease between October 1 and December 31 might be eligible to obtain the Lucid Benefit Credit score, value a cool $7,500. Qualifying current prospects will get the identical profit.
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In a press launch for the inducement, Erwin Raphael, Lucid’s vice chairman of income, famous he has seen “firsthand how [the federal EV tax credit] has performed a significant function in encouraging individuals to make the swap to an electrical car.”
Tax Credit score Ache
The removing of the tax credit score comes at a foul time for Lucid. It has been growing the Gravity SUV for a number of years now, and to fund its personal credit score, will now need to take a further $7,500 hit on each Gravity that’s leased. That’s unhealthy information for an organization that is still unprofitable and desires to change into a critical mass-market EV participant.
Lucid began manufacturing of the Gravity in late 2024 and has been slowly ramping up quantity. Current drone footage from YouTuber LucidFlys exhibits there are at the moment a whole lot of Lucid Gravity fashions parked throughout staging tons at its manufacturing facility in Casa Grande, Arizona. In response to the YouTuber, Lucid has been coping with some provider constraints impacting Gravity manufacturing, specifically regarding shortages of head-up shows and energy retailers.
The Lucid Gravity is at the moment solely out there in Grand Touring guise in america, beginning at $94,900, however later this yr, the order books will open for the Touring model, set to begin at $79,900. All fashions are underpinned by a 926-volt electrical structure, permitting the EV to cost at as much as 400 kW, which means 200 miles (320 km) of vary will be added in lower than 12 minutes.