Lucid Motors has extended its $7,500 ‘Lucid Advantage Credit’ for Gravity SUV leases for the second time, as the California-based EV maker seeks to sustain momentum following a record fourth quarter.
The October-December push allowed the company to meet its 2025 production guidance of 18,000 units.
However, the brand led by interim CEO Marc Winterhoff had reduced it twice throughout the year.
In an email sent to US subscribers on Sunday, Lucid said customers must now take delivery by February 12, extending from the previous January 18 deadline, which had already been extended on January 2.
“For a limited time, take $7,500 off your Lucid Gravity lease with the Lucid Advantage Credit. Must take delivery by February 12, 2026,” Lucid said in the campaign email seen by EV.
The offer applies only to US customers leasing a new Lucid Gravity from existing inventory.
Demo vehicles and fleet purchases are excluded, the brand clarified.
“Advertised monthly lease rate is not guaranteed if delivery is taken outside of the other applicable expiration dates; this offer only applies to the $7,500 Lucid Advantage Credit,” the company said.
Original Offer Background
Lucid introduced the ‘Lucid Advantage Credit’ in August to offset the expiration of the $7,500 federal EV tax credit on September 30.
“Given that the credit will end on September 30, we are committed to doing our part through the end of the year to ensure an equivalent benefit remains available for our Lucid Gravity lease customers who are unable to take delivery before September 30,” Vice President of Revenue Erwin Raphael wrote in an August 14 blog post.
The original program required customers to place an order by September 30 and lease between October 1 and December 31.
Subsequent extensions have removed the order deadline and progressively pushed back the delivery window — first to January 18, and now to February 12.
Q4 US Sales Show Strong Growth
The Saudi-backed brand delivered 4,330 electric vehicles in the fourth quarter of 2025, up 55.2% from 2,790 units in the same period a year earlier, according to data from Cox Automotive.
The result gave Lucid a 1.8% share of the EV segment in the quarter, up from 1.0% in Q4 2024.
For full-year 2025, Lucid delivered 12,614 vehicles in North America, a 36.6% increase from 9,236 units in 2024. The brand captured 1.0% of the annual EV market.
The Lucid Air sedan delivered 3,188 units in Q4, up 14.3% year-over-year, while the Gravity recorded 1,142 deliveries in its first full quarter on the market.
Lucid‘s growth contrasted with broader weakness in the premium EV segment as the expiration of the $7,500 EV Tax Credit impacted sales.
Rivals including Mercedes, which saw North American EV sales fall 43.9% in Q4, and BMW, down 45.5%.
Tesla, the market leader with a 58.9% segment share in Q4, delivered 138,000 vehicles in the quarter, down 15.0% year-over-year.
