Lucid Motors extended its $7,500 Lucid Advantage Credit for Gravity SUV leases through mid January, giving US customers an additional 18 days to take advantage of the incentive originally set to expire at year-end.
“For a limited time, take $7,500 off your Lucid Gravity lease with the Lucid Advantage Credit,” the company wrote in an email to US customers on Friday. “Must take delivery by January 18, 2026.”
The offer of the Saudi-backed EV maker applies only to customers leasing a new Gravity from existing inventory and requires delivery within seven days of the vehicle being ready.
Original Offer
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.
The extension removes the order deadline and pushes the delivery window to January 18.
Lucid is expected to release its Q4 2025 production and delivery figures later Friday, with investors looking to see if the company met its 18,000-unit annual production target.
Ongoing Software Issues
As reported by EV earlier this week, the company continues to face customer complaints about its Gravity model despite a recent software update and an apologetic email from interim CEO Marc Winterhoff acknowledging the company had failed to meet its standards on software quality.
European deliveries of the Gravity are set to begin within weeks as the EV maker looks to gain traction in the region.
A new drone flyover of Lucid’s factory in Casa Grande, Arizona, showed a record number of car haulers on site.
YouTube creator and Lucid customer LucidFlys counted 27 haulers in the footage filmed on December 23 — matching the comments from the management regarding a new production rate record of more than 1,000 units per week.
Lucid shares hit a new all-time low of $10.46 on Wednesday. As of press time, the stock was trading 4% higher at $11.
Later this quarter, the company will host a Capital Markets Day with updates expected on Lucid‘s financial situation and path to profitability as the EV maker fights for survival.
